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ACREAGE RESPONSE TO RISK: THE CASE OF MAIZE AND WHEAT IN THE SOUTH AFRICA

✍ Scribed by Poonyth, D.; Hassan, R. M.; BenBelhassen, B.

Book ID
120492326
Publisher
Sabinet Online
Year
2001
Tongue
English
Weight
805 KB
Volume
40
Category
Article
ISSN
0303-1853

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A model of Australian wheat grower supply response was specified under the constrainsts of price and yield uncertainty, risk aversion, partial adjustment, and quadratic costs. The model was solved to obtain area planted. The results of estimation indicate that risk arising from prices and climate ha