AN EVALUATION OF RISK MANAGEMENT STRATEGIES FOR DAIRY FARMS

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Bosch, Darrell J.; Johnson, Christian J.;
(1992)
  • Subject: Livestock Production/Industries, Risk and Uncertainty,
    mesheuropmc: food and beverages | fungi

Variability in feed prices and crop yields are important sources of risk to dairy farmers. A simulation model of a representative dairy farm was used to evaluate crop insurance and hedging as risk management strategies. These strategies lowered expected net returns but ... View more
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