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Historical Research Bulletins of the Nebraska Agricultural Experiment Station
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Price, Yield And Net Income Variability For Selected Field Crops And Counties In Nebraska, Boris E. Bravo-Ureta, Glenn A. Helmers
Price, Yield And Net Income Variability For Selected Field Crops And Counties In Nebraska, Boris E. Bravo-Ureta, Glenn A. Helmers
Historical Research Bulletins of the Nebraska Agricultural Experiment Station
The primary objective of this study was to establish an empirical estimate of the riskiness of various crops in different regions of Nebraska. For this purpose the variate difference method was used to estimate random variability indexes of prices, yields, and net returns for six Nebraska crops (wheat, soybeans, alfalfa, oats, grain sorghum, corn). The period of analysis included 1957-1976 and one county in each of the eight crop reporting districts was analyzed. Where relevant, both dryland and irrigated alternatives were examined. Most business decision-makers accept more risk only under the conditions that the probability of higher returns accompany risky …