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Importance, Causes, and Management Responses to Farm Risks: Evidence From Florida and Alabama

Published online by Cambridge University Press:  28 April 2015

William G. Boggess ,
Kwabena A. Anaman  and
Gregory D. Hanson
William G. Boggess
Affiliation:
Department of Food and Resource Economics, University of Florida
Kwabena A. Anaman
Affiliation:
Department of Food and Resource Economics, University of Florida
Gregory D. Hanson
Affiliation:
Economic Indicators Research and Income Forecasts, Economic Indicators Branch, Economic Research Service, USDA Auburn University
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Abstract

Despite the contention that risk and uncertainty play an important role in agriculture in North Florida and South Alabama, very little is known about producers' perceptions of risk. This paper describes the procedures used and the results obtained from a statistically random survey of farmers' perceptions of the importance of various sources of risk and alternative risk management practices. Initially, farmers were asked to define risk and then to rank various sources of risk and management responses to risk based on the relative importance of each to their operation. Summary statistics, Chi-square analyses, and logistic regression techniques were used to analyze the data.

Keywords

riskuncertaintymanagementlogistic regression
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 17 , Issue 2 , December 1985 , pp. 105 - 116
Copyright
Copyright © Southern Agricultural Economics Association 1985

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