文章基本信息

标题：AN OPERATIONAL APPROACH FOR EVALUATING INVESTMENT RISK: AN APPLICATION TO THE NO-TILL TRANSITION
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作者：Upadhyay, Bharat Mani ; Young, Douglas L.
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2003
期号：suppl
出版社：Journal of Agribusiness
摘要：This study analyses short and long term safety first business risk associated with twenty six no-till transition strategies across four types of farms in eastern Washington. Risk of transition failure generated from risk averse criteria are also contrasted with a risk neutral criterion. Results revealed (1) that speeds of adoption have a larger effect than drill acquisition sequences in successful transition, (2) high equity farm have higher chance of success, and (3) slow acreage expansion with a custom or rental drill is preferred until yield penalty is eliminated.