Coping with Risk in Agriculture, 3rd Edition

Download or read book Coping with Risk in Agriculture, 3rd Edition written by J Brian Hardaker and published by CABI. This book was released on 2015-04-24 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk and uncertainty are inescapable factors in agriculture which require careful management. Farmers face production risks from the weather, crop and livestock performance, and pests and diseases, as well as institutional, personal and business risks. This revised third edition of the popular textbook includes updated chapters on theory and methods and contains a new chapter discussing the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency. Aiming to introduce agricultural decision making, probability and risk preference, this book is an indispensable guide for students and researchers of agriculture and agribusiness management.