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In this article a mathematical model is presented to assist management decisions on an integrated crop and livestock farm. Risk is incorporated into the model as the negative deviation of the actual gross income from the expected value of an activity's gross income. The model includes crop...
Persistent link: https://www.econbiz.de/10005806133
Hail insurance is provided by the private sector in South Africa but crop insurance (drought insurance) programmes, after a promising start, failed to attract customers. A crop insurance programme (drought) for small-scale commercial farmers, who are not yet paying tax, has been recommended to...
Persistent link: https://www.econbiz.de/10008558750
The experimental method of measuring risk attitudes, using four hypothetical gambling situations, was used to elicit information from peasant farmers in the Border region of South Africa. The main intention was to examine peasant farmers’ attitudes towards risk and the social and economic...
Persistent link: https://www.econbiz.de/10008564600
This study analyses the importance and dimensions of risk sources and computer adoption among farmers in a changing economic policy and trade environment. A survey was conducted in 1996 among 112 commercial farmers in KwaZulu-Natal. The majority of respondents were in favour of a liberalized...
Persistent link: https://www.econbiz.de/10008549232
The sugar industry is an important contributor to the South African (SA) economy, with average annual production estimated at 2.5 million tons of sugar. This study aims to quantify actual use of management instruments by a sample of commercial sugarcane farmers in KwaZulu-Natal (KZN) that are...
Persistent link: https://www.econbiz.de/10005330922