Four approaches to risk and uncertainty for use in farm management extension
Peter H. Calkins
The first three means of analysis (partial budgeting/minimum returns, marginal/probability, and linear/quadratic approaches) are all valuable tools for taking account of risk and uncertainly in the preparation of alternative technological packages which may be offered to the farmer. A country's research and extension program could investigate technological chage through all three means, in order to develop technologies which could offer farmers of varying pssychological or managerial disposition a means to enhancing the level and stability of their incomes.
Publication Details
- Publisher: Office of Information Service, Asian Vegetable Research & Development Center
- Dewey Decimal: 630.688
- ECHO Library: 630.688 CAL