The Tradeoff between Expected Return and Risk Among Cornbelt Farmers
@article{Brink1978TheTB, title={The Tradeoff between Expected Return and Risk Among Cornbelt Farmers}, author={L. Brink and B. McCarl}, journal={American Journal of Agricultural Economics}, year={1978}, volume={60}, pages={259-263} }
The inclusion of risk in farm-planning models has been the subject of many theoretical discussions, often with the conclusion that explicit risk consideration features are desirable. Operational linear programming-based farm-planning models are maintained by both universities and businesses. These operational farm-planning models do not generally include explicit risk consideration. The general objective of this paper is to investigate whether or not risk should be introduced explicitly in an… CONTINUE READING
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