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farmer risk aversion

Catalogue: GRDC Research Summaries
Fertilisers have traditionally represented a significant part of the variable costs of growing crops in Australia... The expected outcome of this project is best nutrient management strategies evaluated in the context of a risk-return framework... Assuming farmers are profit -maximizers and risk-neutral, this analysis shows that they are likely missing out on the better seasons by under-fertilizing in sandy dunes and mid slopes of several sites across the Mallee...
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Catalogue: GRDC Research Summaries
Fertilisers have traditionally represented a significant part of the variable costs of growing crops in Australia... Whether fertiliser input can be sustained is under question because the profitability of fertiliser use by grain growers is undergoing considerable change... Although the cost of fertiliser has receded from peak prices, the recovery of the world economy is expected to place upward pressure on energy prices in the future...
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