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The 1996 FAIR Act has emphasized the importance of teaching agricultural producers to understand and respond rationally to risk. The following are guidelines for considering risk: (1) analyze decisions using a payoff matrix, (2) estimate the probabilities of events, (3) consider individual...
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Presented to USDA Economists Group, Washington, DC, 03 October 2008.
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Presentation to USDA Economists Group, Washington, DC, 10 June 2008
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Presented to USDA Economists Group, Washington, DC, 16 July 2009
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