Abdulkadri, Abdullahi O.; Langemeier, Michael R; Featherstone, Allen M
Author Affiliation, Ana.
Department of Economics
Estimating risk aversion coefficients for dryland wheat, irrigated corn and dairy producers in Kansas
Date of Publication
Examines the risk attitudes of dryland wheat, irrigated corn, and dairy producers in Kansas using the nonlinear mean-standard deviation approach. Asserts that the results of analyses indicate that dryland wheat and dairy producers are characterized by increasing absolute and increasing relative risk aversion, while irrigated corn producers are characterized by constant absolute and increasing relative risk aversion. Both crop enterprises exhibit constant returns to scale technology while the dairy enterprise exhibit decreasing returns to scale. Concludes that gross farm income is significant and positively related to relative risk aversion.....