A risk analysis of adjusted gross revenue-lite on beef farms

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dc.contributor.author Williams, Jeffery R.
dc.contributor.author Saffert, Andrew T.
dc.contributor.author Barnaby, Glenn A. Jr
dc.contributor.author Llewelyn, Richard V.
dc.contributor.author Langemeier, Michael R.
dc.date.accessioned 2014-10-13T15:08:34Z
dc.date.available 2014-10-13T15:08:34Z
dc.date.issued 2014-10-13
dc.identifier.uri http://hdl.handle.net/2097/18365
dc.description.abstract This study evaluates the Adjusted Gross Revenue-Lite (AGR-Lite) whole-farm adjusted gross revenue insurance program on net farm income risk using panel data from 49 southeast Kansas beef farms. On average for the group, but not each individual farm, AGR-Lite reduces the mean and standard deviation of net farm income, raises the average minimum, and lowers the average maximum observations of the net income distribution. Thirty-four farms (69%) received at least one indemnity payment. Stochastic efficiency with respect to a function reveals that AGR-Lite is preferred by 18 of the farm managers (37%) when an upper bound on the risk-aversion coefficient is used. en_US
dc.language.iso en_US en_US
dc.relation.uri http://ageconsearch.umn.edu/handle/169057 en_US
dc.rights Permission to archive granted by SAEA, Aug. 7, 2014. en_US
dc.subject AGR-Lite en_US
dc.subject Beef farms en_US
dc.subject Risk analysis en_US
dc.subject Whole-farm revenue insurance en_US
dc.title A risk analysis of adjusted gross revenue-lite on beef farms en_US
dc.type Article (publisher version) en_US
dc.date.published 2014 en_US
dc.citation.epage 244 en_US
dc.citation.issue 2 en_US
dc.citation.jtitle Journal of Agricultural and Applied Economics en_US
dc.citation.spage 227 en_US
dc.citation.volume 46 en_US
dc.contributor.authoreid jwilliam en_US
dc.contributor.authoreid barnaby en_US
dc.contributor.authoreid rvl en_US

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