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A stochastic simulation model is used to simulate crop revenues net of farm policy and crop insurance costs. Certainty equivalent analysis is used to rank farm policy and crop insurance alternatives for varying levels of risk aversion.

Keywords: farm management ; risk management

Subject(s): Farm Management

Risk and Uncertainty

Issue Date: 2013

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/156753

Total Pages: 25

Record appears in: Agricultural and Applied Economics Association (AAEA) > 2013 AAEA: Crop Insurance and the Farm Bill Symposium





Autor: Davis, Todd D. ; Anderson, John D. ; Young, Robert E.

Fuente: http://ageconsearch.umn.edu/record/156753?ln=en







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