Table of Contents

List of Figures. List of Tables. Preface. Part 1: Behavior Under Risk: General Concepts and their Significance for Agriculture. 1. Expected Utility as a Paradigm for Decision Making in Agriculture; J. Meyer. 2. Non-Expected Utility: What Do the Anomalies Mean for Risk in Agriculture? D.E. Buschena. 3. Ordering Risky Choices; L.J. Robison, R.J. Myers. 4. Conceptual Foundations of Expectations and Implications for Estimation of Risk Behavior; R.E. Just, G.C. Rausser. 5. Information, Processing Capacity, and Judgment Bias in Risk Assessment; D.R. Just. Part 2: Conceptual Adaptations of Risk Models For Agriculture. 6. Dual Approaches to State-Contingent Supply Response Systems Under Price and Production Uncertainty; R.G. Chambers, J. Quiggin. 7. Can Indirect Approaches Represent Risk Behavior Adequately?; R.D. Pope, A. Saha. 8. The Significance of Risk Under Incomplete Markets; J.-P. Chavas, Z. Bouamra-Mechemache. 9. Contracts and Risk in Agriculture: Conceptual and Empirical Foundations; B. Hueth, D.A. Hennessy. Part 3: Adequacy of General Methodological Approaches for Risk Analysis. 10. Programming Methods for Risk-Efficient Choice; C.R. Taylor, T.P. Zacharias. 11. The Econometrics of Risk; M.T. Holt, J.-P. Chavas. 12. Agriculture as a Managed Ecosystem: Implications for Econometric Analysis of Production Risk; J.M. Antle, S.M. Capalbo. 13. Survey and Experimental Techniques As an Approach for Agricultural Risk Analysis; B. Roe, A. Randall. Part 4: Sources and Consequences of Agricultural Risk: How Farmers Manage Risk.14. Modeling Price and Yield Risk; B.K. Goodwin, A.P. Ker. 15. Agricultural Technology and Risk; M.C. Marra, G.A. Carlson. 16. Quality and Grading Risk; E. Ligon. 17. Finance and Risk Bearing in Agriculture; P.J. Barry. 18. DoesLiquidity Matter to Agricultural Production? M.J. Roberts, N. Key. 19. Precision Farming Technology and Risk Management; J.A. Larson, et al. Part 5: Policy Issues Relating to Risk in Agriculture. 20. Crop Insurance as a Tool for Price and Yield Risk Management; K.H. Coble, T.O. Knight. 21. Risk Management and the Role of the Federal Government; J.W. Glauber, K.J. Collins. 22. Risk Created by Policy in Agriculture; B.L. Gardner. 23. Risk Management and the Environment; M. Metcalfe, et al. Part 6: Conclusions Regarding the Significance of Risk Research for Agriculture. 24. How Much Does Risk Really Matter to Farmers? W.N. Musser, G.F. Patrick. 25. Past Progress and Future Opportunities for Agricultural Risk Research; R.E. Just, R.D. Pope. Index.

Reviews

`In the concluding chapter, the editors of the book attempt to draw together eight `themes' that emerge from the preceding sections. This is done in a very concise fashion and results in an excellent summary of the current state of play in the subject as a whole. The book shows evidence of close editorial control. It is an excellent and heavyweight book, which should be on the shelf of every researcher who is seriously interested in risk in agriculture.'
European Review of Agriculture Economics, 29:4 (2002)
`This book, written by leaders in the field of risk and risk management in agriculture, provides an excellent reference book for anyone wanting to understand and pursue economic research on agricultural risk in the United States.'
American Journal of Agricultural Economics (November 2003)