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Whole Farm Risk-Rating Microcomputer Model

Published online by Cambridge University Press:  28 April 2015

Kim B. Anderson  and
John E. Ikerd
Kim B. Anderson
Affiliation:
Oklahoma State University
John E. Ikerd
Affiliation:
University of Georgia
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Abstract

The Risk-Rating Model is designed to give extension specialists, teachers, and producers a method to analyze production, marketing, and financial risks. These risks may be analyzed either individually or simultaneously. The risk associated with each enterprise, for all combinations of enterprises, and for any combination of marketing strategies is estimated. Optimistic, expected, and pessimistic returns above variable cost and/or total cost are presented in the results. The probability that total return will be equal to or greater than variable cost and/or total cost is also estimated.

Keywords

riskproductionmarketingfinanceenterprisewhole-farm analysis

Information

Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 17 , Issue 1 , July 1985 , pp. 183 - 187
Copyright
Copyright © Southern Agricultural Economics Association 1985

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References

Anderson, Jock R., Dillon, John L., and Hardaker, Brian. “Agricultural Decision Analyses.” Ames, Iowa: The Iowa State University Press, 1977.Google Scholar
Anderson, Kim B. and Ikerd, John. “Whole Farm Risk-Rating Model User's Manual.” Cooperative Extension Circular, E-829, Oklahoma State University, Stillwater; September, 1983.Google Scholar
Ikerd, John E. and Anderson, Kim B.. “Risk-Rated Management Strategies for Farmers and Ranchers.” OSU Extension Facts, No. 159. Oklahoma State University Cooperative Extension Service, Stillwater, 1983.Google Scholar
Ikerd, John E. and Anderson, Kim B.. “Teaching Risk-Rated Management Strategies to Farmers and Ranchers.” (Unpublished paper presented at: Workshop for Extension Specialists on Marketing, Risk and Financial Management; April 4, 1984, Minneapolis, Minnesota). A.E. Paper 8443, Department of Agricultural Economics, Oklahoma State University, 1984.Google Scholar