Coping with Risk in Agriculture, 3rd edition : Applied Decision Analysis

J.B. Hardaker, G. Lien, J.R. Anderson, R. Huirne

Research output: Book/ReportBookProfessional

Abstract

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 this 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.
Original languageEnglish
Place of PublicationWallingford, UK
PublisherCABI Publishing
Number of pages296
ISBN (Print)9781780645742
Publication statusPublished - 2015

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