Crop enterprise diversification and specialty crops

descriptionPublicationkeyboard_double_arrow_right Article 05 May 2000 English Publisher:EmeraldJournal:Agricultural Finance Review, volume 60, pages 85-98 (issn: 0002-1466,

Authors: Michael P. Popp; Margot Rudstrom;

doi: 10.1108/00214710080001112

Crop enterprise diversification and specialty crops

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Abstract

A set of crop alternatives ranging from traditional, low risk to less common and/or high risk crops is ranked according to their impact on overall risk using two measures. These two measures would aid cropping decisions by providing (1) a priori guidance on overall risk impact, and (2) a means to reduce the need for complex E‐V frontier estimation. Results suggest the number of crops that may depend on the riskiness of crop alternatives form which a producer chooses. Some reductions in necessary calculations for E‐V analysis are therefore suggested.

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