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Coping with Risk in Agriculture - Applied Decision Analysis (Paperback, 3rd edition)
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Coping with Risk in Agriculture - Applied Decision Analysis (Paperback, 3rd edition)
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Risk and uncertainty are inescapable factors in agriculture which
require careful management. Farmers face production risks from the
weather, crop and livestock performance, and pests and diseases, as
well as institutional, personal and business risks. This revised
third edition of the popular textbook includes updated chapters on
theory and methods and contains a new chapter discussing the
state-contingent approach to the analysis of production and the use
of copulas to better model stochastic dependency. Aiming to
introduce agricultural decision making, probability and risk
preference, this book is an indispensable guide for students and
researchers of agriculture and agribusiness management.
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