Download or read book Risk Aversion and the Family Farm written by and published by . This book was released on 1988 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Risk Aversion and the Family Farm written by Cornelis Petrus Jacobus Burger and published by . This book was released on 1988 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Political Economy of the Family Farm written by Sue Headlee and published by Bloomsbury Publishing USA. This book was released on 1991-11-30 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agriculture played an important role in the transition to capitalism in the United States in the mid-nineteenth century. In her study, Sue Headlee argues that the family farm system, with its progressive nature and egalitarian class structure, revolutionized this transition to capitalism. The family farm is examined in light of its economic and political implications, showing the relationship between the family farm and fledgling industrial capitalism, a relationship that fostered the simultaneous industrial and agricultural revolutions and the creation of an agro-industrial complex. Headlee focuses on the adoption of the horse-drawn mechanical reaper (to harvest wheat) by family farmers in the 1850s. The neoclassical economic explanation, with its emphasis on the farm as a profit-maximizing firm, is criticized for its lack of recognition of the role of the family farm's egalitarian class structure. This look at the economic history of the United States has lessons for the Third World today: agricultural development is vital to the transition to capitalism; the agrarian class structures of Third World countries may be holding back that transition; and a family farm/land reform approach would lead to increases in productivity and in the material well-being of society. Headlee's analysis supports three important debates in political economy, thus providing the historical and theoretical context for understanding the role of agriculture in the transition to capitalism in general and in the particular case of the United States. Her findings conclude that agrarian class structures can explain the differential patterns of development in pre-industrial Europe. Further evidence is presented that the internal class structure of agrarian society is the crucial causal factor in the transition to capitalism and that market developments alone are not sufficient. Lastly and most controversially, Headlee acknowledges the importance of the Civil War in propelling the triumph of American capitalism, allowing the Republican Party (an alliance of family farmers and industrial capitalists) to take control of the state from the Democratic Party of the southern plantation owners. This book will be of interest to scholars in political economy, economic history, agrarian economics, and development economics.
Download or read book Risk Uncertainty and the Agricultural Firm written by Charles Britt Moss and published by World Scientific. This book was released on 2010 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text is the first major survey of risk analysis from the perspective of the agricultural firms since Agricultural Decision Analysis by Anderson, Dillon, and Hardaker published in 1977. In addition to updating the traditional material from that text, this book includes the statistical foundations of decision making under risk and uncertainty. Adding to the material covered in Anderson, Dillon, and Hardaker, the text includes material on dynamic decision rules, the arbitrage pricing model, real options theory, and state-contingent production relationships. Risk, Uncertainty, and the Agricultural Firm provides a unique discussion of each application ? developing the theoretical basis for each model and presenting an empirical roadmap (or the ?nuts and bolts?) of each model to facilitate the empirical application of each technique.
Download or read book Managing Risk in Farming written by and published by . This book was released on 1999 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Comprehensive Assessment of the Role of Risk in U S Agriculture written by Richard E. Just and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: After all the research on agricultural risk to date, the treatment of risk in agricultural research is far from harmonious. Many competing risk models have been proposed. Some new methodologies are largely untested. Some of the leading empirical methodologies in agricultural economic research are poorly suited for problems with aggregate data where risk averse behavior is less likely to be important. This book is intended to (i) define the current state of the literature on agricultural risk research, (ii) provide a critical evaluation of economic risk research on agriculture to date and (iii) set a research agenda that will meet future needs and prospects. This type of research promises to become of increasing importance because agricultural policy in the United States and elsewhere has decidedly shifted from explicit income support objectives to risk-related motivations of helping farmers deal with risk. Beginning with the 1996 Farm Bill, the primary set of policy instruments from U.S. agriculture has shifted from target prices and set aside acreage to agricultural crop insurance. Because this book is intended to have specific implications for U.S. agricultural policy, it has a decidedly domestic scope, but clearly many of the issues have application abroad. For each of the papers and topics included in this volume, individuals have been selected to give the strongest and broadest possible treatment of each facet of the problem. The result is this comprehensive reference book on the economics of agricultural risk.
Download or read book Family Farming written by Marty Strange and published by U of Nebraska Press. This book was released on 1988-01-01 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that biases in current American farm policies favor industrial farming over family farming, suggests agribusinesses are less resilient, and proposes new directions for the future
Download or read book Effect of Risk and Risk Aversion on Farm Decision making written by William Grisley and published by . This book was released on 1980 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Attitude to Risk in Resource Allocation Among Food Crop Farmers written by Kabir Kayode Salman and published by LAP Lambert Academic Publishing. This book was released on 2012-05 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Apprehension of risk induces certain behavior into a farmer and this would grossly affect enterprise selection and consequently his resource use and allocation pattern. Farmers' attitude to risk was therefore examined. Analysis of data from 165 farmers, obtained using a two-stage sampling procedure was discussed in the book. Sources of risk were market failure, price fluctuation, drought, pest and diseases attack and erratic rainfall. Risk averse farmers were 144 representing 87.3% percent. However risk preference was higher among the males, farmers with larger farm sizes and smaller household sizes. Risk aversion was significantly reduced by income diversification, credit assistance, and land ownership. On the other hand, household size, and education, significantly increased risk aversion. Risk minimized-allocation plans were of higher expected returns than the current practices. It is recommended that farm management research and the extension packages should be channelled to the farmers while considering the socio-economic environments that characterize their risk preferences.
Download or read book Family Farming Without State Intervention written by Rudolf Helbling and published by vdf Hochschulverlag AG. This book was released on 1996 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Nature of the Farm written by Douglas W. Allen and published by MIT Press. This book was released on 2004 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical and empirical study of agricultural contracts and organization based on the transaction cost framework.
Download or read book A Behavioral Model for Decision Under Risk Among Small holding Farmers written by Edgardo Ruben Moscardi and published by . This book was released on 1977 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Coping with Risk in Agriculture written by J. B. Hardaker and published by Oxford University Press, USA. This book was released on 1997 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk and uncertainty are inescapable factors in agriculture. Farmers face production risk, from the weather, crop and livestock performance, and pests and diseases, as well as government-controlled institutional risk, and personal or human risk. Together with price or market risks, these constitute business risk which is further related to financial risk. All of these factors must be managed to achieve satisfactory management in agriculture. The aim of this book is to introduce the nature of agricultural decision making under uncertainty, the concept of rational choice and its foundations in theories of probability and risk preference. It also describes methods for the analysis of risky decisions that can be used in agriculture and the preparation of plans for risk management.
Download or read book At Risk Farm Families written by Cornell University. Cooperative Extension. Task Force on Farm Families Facing Financial Stress and published by . This book was released on 1985 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Farmer Responses to Changing Risk Aversion Enterprise Variability and Resource Endowments written by Adam M. Komarek and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The focus of this article is on assessing how risk aversion, enterprise variability and resource endowments affect farm land-use decisions and economic returns. A theoretical model of a two-enterprise, two-constraint farm is developed, and then, an empirical illustration for an Australian farm is provided. The methodology used builds on previous expected mean-variance (EV) models by incorporating land and budget constraints. The Kuhn-Tucker conditions of the EV model are examined to highlight that changes in resource endowments have larger effects on economic returns, than do changes in risk aversion or enterprise gross margin variability. It was also found that combinations of enterprise mixes that do not use all available resources can produce higher economic returns, relative to some enterprise mixes that use all available resources.
Download or read book Farm Size Risk Aversion and the Adoption of New Technology Under Uncertainty written by Gershon Feder and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Household Modelling and Family Economics written by F. Caillavet and published by Newnes. This book was released on 1994-12-07 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural households, both in the European Union and world-wide, have experienced important changes during the last three decades. This book covers recent advances both in family economics and in modelling the relationship between the farm-household and the farm-firm. Both theoretical and empirical aspects of Agricultural Household Modelling and Family Economics are also discussed, providing a timely contribution to research in this area.
