QUANTIFYING GAINS TO RISK DIVERSIFICATION USING CERTAINTY EQUIVALENCE IN A MEAN-VARIANCE MODEL: AN APPLICATION TO FLORIDA CITRUS

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dc.creatorFeatherstone, Allen M.
dc.creatorMoss, Charles B.
dc.date2017-04-01T14:23:37Z
dc.date.accessioned2026-07-09T04:07:28Z
dc.descriptionThe marginal benefit and cost of diversification for Florida orange producers is analyzed using certainty equivalents. Results indicate that for moderate and high levels of risk aversion, diversification into strawberry, grapefruit, or additional orange production is not optimal. However, moderately risk averse Florida orange producers can gain by diversifying into grapefruit production if the annual amortized fixed costs can be reduced by as little as 10 percent.
dc.identifierdoi:10.22004/ag.econ.30002
dc.identifierhttps://ageconsearch.umn.edu/record/30002/files/22020191.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/30002
dc.identifier.urihttp://hdl.handle.net/123456789/545172
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/30002
dc.titleQUANTIFYING GAINS TO RISK DIVERSIFICATION USING CERTAINTY EQUIVALENCE IN A MEAN-VARIANCE MODEL: AN APPLICATION TO FLORIDA CITRUS
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