Analysis of risk management strategies for agricultural producers [Oklahoma; USA]

Extract: The specific purposes of this paper are (a) to review research both recently completed and currently in progress on approaches being used to assess and respond to production, market, and financial risks in agriculture; and (b) to present an evaluation of production and marketing strategies designed to minimize variability of net farm income subject to receiving a specified level of income for a southwestern Oklahoma farm operation; and (c) to relate the effects of alternative assumptions regarding beginning equity level, rate of increase in land value, and rate of increase in the cost of agricultural inputs to the probability of "success" of risk efficient farm plans for the southwestern Oklahoma operation.