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

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

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Year of publication:	1991
Authors:	Nanseki, Teruaki ; Morooka, Yoshinori
Published in:	Agricultural Economics of Agricultural Economists. - International Association of Agricultural Economists - IAAE. - Vol. 05.1991, 1
Publisher:	International Association of Agricultural Economists - IAAE
Subject:	Crop Production/Industries \| Production Economics \| Risk and Uncertainty

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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