The risk environment of farmers is changing and new risk management strategies are being introduced. Beal (1996) stated that risk management strategies adopted by farmers will be in accordance with their personal preferences for risk. In this context it would be useful for developers and sellers...

The paper discusses the appropriate functional form and estimation technique for a wildlife production function on the farm level. A random effect model was developed to capture the relationship between wildlife output, management practices, natural conditions and non-observed factors that cause...