Coping With Risk in Agriculture - Applied Decision Analysis

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.

About the author

J. Brian Hardaker teaches at the University of New England, Australia.

Summary

Farmers face risks from the weather, crop and livestock performance, pests and diseases, as well as institutional, personal and business risks. This book includes updated chapters on theory and methods and a new chapter on the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency.

Product details

• Authors: J. R. Anderson, Jock R Anderson, Jock R (Consultant Anderson, Jock R. Anderson, J Brian Hardaker, J Brian (University of New England Hardaker, J. B. Hardaker, J. B./ Lien Hardaker, J. Brian Hardaker, Ruud B M Huirne, Ruud B M (Wageningen University Huirne, Ruud B. M. Huirne, G. Lien, Gudbrand Lien, Gudbrand (Lillehammer University College Lien
• Assisted by: Ruud B. M. Huirne (Editor)
• Publisher: Stylus Publishing
• Languages: English
• Product format: Paperback / Softback
• Released: 31.05.2015
• EAN: 9781780642406
• ISBN: 978-1-78064-240-6
• No. of pages: 328
• Subject: Natural sciences, medicine, IT, technology > Biology > Agriculture, horticulture; forestry, fishing, food