TEACHING AGRICULTURAL PRODUCERS TO CONSIDER RISK IN DECISION MAKING

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dc.creatorNelson, A. Gene
dc.date2017-04-01T19:26:23Z
dc.date.accessioned2026-07-09T03:45:36Z
dc.descriptionThe 1996 FAIR Act has emphasized the importance of teaching agricultural producers to understand and respond rationally to risk. The following are guidelines for considering risk: (1) analyze decisions using a payoff matrix, (2) estimate the probabilities of events, (3) consider individual attitudes about taking risks, and (4) adopt management strategies to control risk. Much still remains to be learned about how to teach risk management.
dc.identifierdoi:10.22004/ag.econ.23996
dc.identifierhttps://ageconsearch.umn.edu/record/23996/files/fp97-17.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/23996
dc.identifier.urihttp://hdl.handle.net/123456789/539418
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/23996
dc.titleTEACHING AGRICULTURAL PRODUCERS TO CONSIDER RISK IN DECISION MAKING
dc.typeText

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