We argue in this paper that available econometric estimates of farmers’ risk aversion do not measure true farmers’ preferences towards risky outcomes. Available analyses are mostly of static nature and indeed measure the parameters of the synthetic optimal value function rather than the deep...

We argue in this paper that available econometric estimates of farmers’ risk aversion do notmeasure true farmers’ preferences towards risky outcomes. Available analyses are mostly ofstatic nature and indeed measure the parameters of the synthetic optimal value function ratherthan the deep...

This study presents a quantitative policy impact analysis of alternative policy and macroeconomic assumptions in the agricultural farming sector. Three scenarios are considered: direct payment scenario, macroeconomic environment scenario and WTO scenario. We apply the CAPRI-Farm model, an...