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A Risk Responsive Acreage Response Function for Millet in Niger
Author(s) -
Adesina Akinwumi A.,
Brorsen B. Wade
Publication year - 1987
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.1987.tb00022.x
Subject(s) - price risk , production (economics) , economics , agricultural economics , crop production , agricultural science , agriculture , biology , microeconomics , financial economics , ecology , futures contract
In this paper the impact of price risk on millet production in Niger is investigated. The hypothesis that farmers respond to output price risk is tested. The results indicate that millet acreage planted decreased when millet price risk increased or when price risk of the competing crop decreased and therefore farmers do respond to changes in risk .