Acreage Decisions When Risk Preferences Vary

This poster summarizes work on developing a direct and indirect risk preference function to represent producers who make acreage decisions. Risk is depicted as a constraint which producers face when making acreage decisions. A dual to the acreage decision problem is set up and used to obtain a indirect risk function. Derivative properties of the function are used to specify acreage equations. Sample acreage equations are estimated, using county level data for corn, wheat, and soybeans producers.


Issue Date:
2010
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/61005
PURL Identifier:
http://purl.umn.edu/61005
Total Pages:
11
Note:
This presentation summarizes an AAEA poster.
Series Statement:
Selected Poster
10820




 Record created 2017-04-01, last modified 2019-08-26

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