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 430436
Title Where is the risk? Price, yield and cost risk in Swiss crop production
Author(s) Benni, N. El; Finger, R.
Event International Association of Agricultural Economists>2012 Conference, August 18-24, 2012, Foz do Iguaçu, Brazil, 2012-08-18/2012-08-24
Department(s) Agricultural Economics and Rural Policy Group
WASS
Publication type Contribution in proceedings
Publication year 2012
Abstract Risk management strategies are of increasing importance in agriculture. An important question is, what type of risk management strategies are required to reduce farmers’ income risks. Applying a variance decomposition approach using data of more than 3000 Swiss farms over a five year time period, this paper quantifies the direct and indirect effects of yields, prices and costs on net revenue variability at the farm-level. We find that costs play only a minor role in determining income variability but price and yield risks are of outmost importance and very crop-specific. For instance, price risks dominate for intensive wheat and sugar beet producer; while corn and barley producer tend to suffer more form production risks. Group comparisons and logistic regressions results show that more intensively producing farms tend to suffer more from price risk, while yield risks are dominant for less intensive producers.
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