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Agricultural producers typically are faced with risk about the yields they will experience and the prices they will receive. Stabilisation schemes can spread risk and thereby reduce the risk faced by individual producers. The risk-reducing capacity of a scheme and the cost of risk reduction depend upon the design of the scheme. In particular, it is important to distinguish between risk and instability. A classification of scheme designs is presented to bring out the effects of various design types. Schemes for the wheat industry are given most attention.

Subject(s): Agricultural and Food Policy

Risk and Uncertainty

Issue Date: 1979-12

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/22969 Published in: Australian Journal of Agricultural Economics, Volume 23, Number 3 Page range: 191-206

Total Pages: 16

Record appears in: Australian Agricultural and Resource Economics Society (AARES) > Australian Journal of Agricultural Economics





Autor: Quiggin, John C. ; Anderson, Jock R.

Fuente: http://ageconsearch.umn.edu/record/22969?ln=en







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