Risk preference and optimal crop combinations in upland java, Indonesia: an application of stochastic programming Report as inadecuate




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A stochastic programming model was used to evaluate the economic performance of a soybean-basedfarming system in upland Java. The model incorporates farmers' risk preferences, revenue fluctuationsand resources restrictions. The results show that (1) changes in risk preference do affect the optimal cropcombination, and (2) the typical cropping pattern is rational under the present level of the farmers' riskpreference estimated in the study site.

Subject(s): Crop Production/Industries

Production Economics

Risk and Uncertainty

Issue Date: 1991-01

Publication Type: Journal Article

PURL Identifier: http://purl.umn.edu/172712 Published in: Agricultural Economics: The Journal of the International Association of Agricultural Economists, Volume 05, Issue 1 Page range: 39-58

Total Pages: 20

Record appears in: International Association of Agricultural Economists (IAAE) > Agricultural Economics: The Journal of the International Association of Agricultural Economists





Author: Nanseki, Teruaki ; Morooka, Yoshinori

Source: http://ageconsearch.umn.edu/record/172712?ln=en







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