Escalante, Cesar L.; Barry, Peter J. - Agricultural and Applied Economics Association - AAEA - 2001
This study provides farm-level empirical support to the Risk-Balancing Hypothesis using Illinois grain farm data. The … econometric results indicate that risk-balancing farmers comprise more than half of the sample. These farmers tend to be older …, have higher leasing ratios, are less financially efficient and manage risk through crop specialization, enterprise …