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Production, marketing and storage decisions under risk for cash-grain and crop-hog farms in west-central Indiana


, : Production, marketing and storage decisions under risk for cash-grain and crop-hog farms in west-central Indiana. Dissertation Abstracts International, A 42(1): p.304

The study uses a model framework which allows two elements of income uncertainty, price variability and crop yield variability, to be incorporated into farm planning decisions. Two typical farming operations are modelled: a cash-grain farm and a crop-pig farm. Farmers can reduce income risk by a choice of cash sale or forward contract marketing options. This concept of market diversification together with crop acreage diversification constitutes a risk management programme.

US$29.90


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