Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 352967
Title Farmers' Subjective Perceptions of Yield and Yield Risk
Author(s) Egelkraut, T.M.; Sherrick, B.J.; Garcia, P.; Pennings, J.M.E.
Event NCCC-134 Conference: Applied Commodity Price Analysis, Forecasting, and Market Risk Management, 2006-04-17/2006-04-18
Department(s) Marketing and Consumer Behaviour
MGS
Publication type Contribution in proceedings
Publication year 2006
Abstract Using survey responses of Illinois corn farmers to differently framed yield questions, we examine their subjective information by relating stated yields and risk to the corresponding objective county measures. The results show that farm-level yields can be best characterized by soliciting probabilistic information, which provides more accurate yield assessments than an open-ended frame and consistent estimates of producers¿ subjective risk. Moreover, we find that overconfidence can be confused with differences in relevant information and that using recent data may be more appropriate in examining subjective risk statements. Our results are important for agricultural policy-makers and researchers, particularly those who work with surveys that include questions about producers¿ yields.
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