文章基本信息

标题：Sharing Financial Risk through Flexible Farm Lease Agreements
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作者：Edwards, William M. ; Hart, Chad E.
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2013
页码：154-166
出版社：Journal of Agribusiness
摘要：A simulation model representing a north central U.S. corn and soybean farm was used to estimate the degree of financial risk borne by the tenant and the landlord under 10 different types of flexible cash leases. Probability distributions for yields, prices, and production costs were incorporated. Measures of risk included standard deviation of profits, probability of loss, and 10th percentile value at risk. A profit sharing lease that included rent adjustments for all three variables shifted the most risk from the tenant to the landowner, and reduced the tenant’s probability of incurring an economic loss from 51 percent to 37 percent.
关键词：flexible farm lease agreements;flexible cash leases;simulation model;financial risk