RISK COSTS AND THE CHOICE OF MARKET RETURN INDEX

Six measures of returns are used to estimate the most "“appropriate"” market index for southeast Kansas farms. Results suggest that localized indices are more appropriate than state indices for use as the market index. The appropriate index was used to estimate systematic and nonsystematic risk and risk costs for farm planning. Estimated risks depend on the choice of market index, whereas risk costs depend on the index choice and the risk aversion are considered. More risk-averse specialized farmers are not completely compensated for risk.Farm Management, Risk and Uncertainty,

Systematic and Unsystematic Risk Costs for Southeastern Kansas Farm Enterprises

Six measures of farm returns are used to estimate the most "appropriate" market index for southeastern Kansas farms. Systematic and nonsystematic risks and risk costs are estimated for farm planning. Results suggest that regional indices are more appropriate for use as the market index than state indices.international trade, vector autoregressions, wheat markets, Farm Management,

RISK COSTS AND THE CHOICE OF MARKET RETURN INDEX

Six measures of returns are used to estimate the most "appropriate" market index for southeast Kansas farms. Results suggest that localized indices are more appropriate than state indices for use as the market index. The appropriate index was used to estimate systematic and nonsystematic risk and risk costs for farm planning. Estimated risks depend on the choice of market index, whereas risk costs depend on the index choice and the risk aversion are considered. More risk-averse specialized farmers are not completely compensated for risk

Systematic and Unsystematic Risk Costs for Southeastern Kansas Farm Enterprises

Six measures of farm returns are used to estimate the most "appropriate" market index for southeastern Kansas farms. Systematic and nonsystematic risks and risk costs are estimated for farm planning. Results suggest that regional indices are more appropriate for use as the market index than state indices

Currency Devaluation and Resource Mobilization: A Computable General-Equilibrium Analysis of Adjustment in Cameroon.

Currency devaluations prescribed for many developing countries are usually expected to generate a growth-stimulating reallocation of resources in favor of export production. Results from a computable general-equilibrium model of devaluation in Cameroon indicate aggregate growth in export agriculture with decline in some traditional export crops and expansion in specific nontradable food crops. While agriculture and manufacturing expand after devaluation, reduced output from services and construction causes short-term contraction in aggregate output. Positive growth and trade balance effects are dependent on a major reallocation of labor which has been difficult to achieve in Cameroon. Copyright 1998 by Blackwell Publishing Ltd