Optimal On-Farm Grain Storage by Risk-Averse Farmers

Most previous research on post-harvest grain storage by farmers has assumed risk-neutral behavior and/or made restrictive assumptions about underlying price probability distributions. In this study, we solve the optimal on-farm storage problem for a risk-averse farmer under more general assumptions...

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Bibliographic Details
Main Authors: Jing-Yi Lai, Robert J. Myers, Steven D. Hanson
Format: Article
Language:English
Published: Western Agricultural Economics Association 2003-12-01
Series:Journal of Agricultural and Resource Economics
Subjects:
Online Access:https://ageconsearch.umn.edu/record/31063