Social and Behavioral Sciences Commons^™

Risk Management Strategies For Nebraska Grain And Oilseed Producers: A Stochastic Simulation And Analysis, Jim A. Jansen

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Uncertainty in revenue for grain and oilseed operations located across Nebraska exists due to commodity price volatility and yield variability. Several risk management tools enable producers to deal with financial losses from revenue declines including crop insurance, marketing strategies, and government farm programs. Producers may need to combine multiple tools for an effective risk management strategy, but research lacks on integrating these tools currently available to producers across the state. Actions amongst individuals actively engaged in the industry show their plans to deal with revenue declines may lead to less than optimal strategies.

Stochastic simulation utilizing eight representative farms across …