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Farm Characteristics and Business Risk in Production Agriculture
Author(s) -
Schurle Bryan,
Tholstrup Mike
Publication year - 1989
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1093/aepp/11.2.183
Subject(s) - production (economics) , agriculture , investment (military) , business , obligation , payment , government (linguistics) , financial risk , agricultural economics , agricultural science , finance , economics , microeconomics , geography , linguistics , philosophy , archaeology , politics , political science , law , environmental science
This article uses historical farm level data to investigate relationships between business risk and farm characteristics. Farm characteristics examined are the enterprise mix, farm size, location of the farm, age of the operator, financial obligation of the farm, machinery investment, government program payments and a measure of returns to the operation. Many of these variables are significantly related to business risk, which suggests several possibilities for future research.