Files

Abstract

Differential adoption of technology has contributed to the large discrepancy in farm income between large and small farms. Opinions vary as to whether the differential adoption is due to differences in resource endowments or to differences in attitudes. Typical field corn production practices used by large and small farm operations in North Florida are utilized to indicate the revealed risk preference characteristics of the two groups. The expected return and the variance of returns are incorporated into an E-L framework -.to evaluate any differences. The selection of technologies suggests differences in attitudes and preferences. However, the analysis indicates that at the enterprise level the attitude toward risk is similar in both groups.

Details

PDF

Statistics

from
to
Export
Download Full History