Single-index models from portfolio theory have previously been adapted for risk efficient farm planning in North America. The potential for using single-index models in farm planning is considered in this paper both theoretically and in the light of two illustrative Australian case studies. It...

A model is developed from decision theory for evaluating probabilistic information, especially for decision makers who are risk averse. The value of information to such a decision maker is disaggregated into mean and variance effects. It is shown that the degree of risk aversion of the decision...

The objective of this paper is to give a brief exposition of the decision criteria commonly propounded for decisions under risk and uncertainty. The review of these criteria in the context of farm management decisions reiterates the inappropriateness of all except the expected utility...

Recent applications of risk analysis in corporate finance to farm firm decision making are reviewed in this paper. The inclusion of risk parameters modifies some of the traditional agricultural economics views on investment, financing and the portfolio choice problem. A clearer view emerges of...

The United States Department of Agriculture is cooperating in an interagency study to plan for the future development and control of the water resources of the Potomac River Basin.' One assignment undertaken by the Farm Economics Research Division, Agricultural Research Service, is that of...

A shift to worldwide free trade would improve prospects for U.S. livestock and grain producers. Both production and prices would be higher for meat animals and poultry, but but milk prices would be lower. Producers of peanuts, sugar, and some fruits and vegetables would face lower price and...

Georgia peanut farmers have adopted Integrated pest management (lPM) on only a limited basis, although objective data indicate that IPM technology may be more efficient than conventional pest control strategies Users and nonusers of IPM hold different views pertaining to the consequences of...