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What Is the Risk? 1
Author(s) -
Barr John T.
Publication year - 1991
Publication title -
risk analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.972
H-Index - 130
eISSN - 1539-6924
pISSN - 0272-4332
DOI - 10.1111/j.1539-6924.1991.tb00618.x
Subject(s) - citation , library science , information retrieval , computer science , operations research , mathematics
farm could increase gross margin by 7 percent and reduce the coefficient of variation from 0.63 to 0.42. Woolery and Adams indicated that diversified land use, combined with livestock, could increase net income and reduce relative income variability for South Dakota and Wyoming farms. Other studies have reached mixed results as to the risk-return tradeoff (see Persaud and Mapp; Sonka and Patrick). Despite any benefits that may accrue to enterprise diversification, the opportunities are often limited by resources, climatic conditions, market outlets, and other factors (Sonka and Patrick).