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- W2056228049 abstract "limiting the business risk to which farmers are exposed. Some approaches to business risk modification involve insurance, government programs, weather modification, and innovations of individual farmers: technological, to limit the probability of disease and insect damage; and market, to limit the probability of adversity through price fluctuations. It is recognized that the introduction or modification of risk in the production process affects the pattern of resource allocation and in turn the level of production (Dillon, pp. 102-48, Just, Wiens, and Wolgin). We suggest that there is also a financial response to business risk modification. The differentiation is important in that business risk and financial risk may well be trade-offs in the risk behavior of farmers. Thus, a decline in business risk would lead to the acceptance of greater financial risk, reducing the effects of the diminished business risk on total risk." @default.
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- W2056228049 date "1980-08-01" @default.
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- W2056228049 title "Concepts of Business and Financial Risk" @default.
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- W2056228049 doi "https://doi.org/10.2307/1240215" @default.
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