This article examines farm operating risks and cash-rent determination through the use of the efficient set mathematics. The efficient set mathematics proves to be a pragmatic approach to characterizing operating risks, and the relationships between operating risks and cash-rent determination....

The purpose of this study is to determine the likely impact of market interest rates on the choice of farm mortgages for the borrower. The study focuses on choice of mortgages with different rate repricing periods. The stochastic process of market interest rate movement is first estimated using...

This thesis consists of an essay on agricultural risk management and an essay on agribusiness marketing. The essay on agricultural risk management evaluates criteria that aid agricultural producers in their choice among risk management alternatives. The results of the essay suggest that...

This dissertation examines the behavior of banks participating in the Farm Service Agency guaranteed loan program between the fiscal years of 1995 and 2003. Guaranteed loans are originated by banks but backed by the federal government. Borrowers must be creditworthy but unable to receive credit...

An extension of the real option valuation model to the case of co-integrated random variables was developed, using an error correction representation of randomness in output prices and input costs. Real option theory indicates that timing and risk considerations can generate value to an option...

Several criteria that produce rankings of risk management alternatives are evaluated. The criteria considered are Value at Risk, the Sharpe ratio, the necessary condition for first degree stochastic dominance with a risk free asset, and the necessary condition for second degree stochastic...

Risk management strategies were compared using a corn/soybean farm, a hog farm, and a diversified hog/crop farm. Results suggest risk management tools are more effective in combinations, hog/crop diversification shows limited risk reducing benefits, and the effects of choosing among risk...