Agriculture and aquaculture have common features associated with their biological nature affecting risk exposure of the businesses. The aim of this paper is to compare risk exposure in salmon farming and agricultural enterprises in Norway by using an implicit error component model to examine the...

This paper addresses the impacts of degree of risk aversion, subsidy scheme and choice of utility function on optimal farm plans in Norwegian agriculture. Data from a farm business survey (1991-1997) are combined with subjective judgements to formulate a two-stage utility-efficient programming...