Producer risk aversion and participation in agricultural cooperatives

Jason R.V. Franken , Michael L. Cook , Joost M.E. Pennings
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引用次数: 4

Abstract

Little attention is given to cooperatives’ role in producer risk management. We review literature and theory in development of a hypothesized positive relationship between producers’ risk aversion and usage of cooperatives. We test the hypothesis using a sample of crop and hog producers and find evidence that cooperative membership and the percentage of commodity sold through cooperatives are positively related to producers’ risk aversion. These relationships are relevant for decision makers who determine internal cooperative member policies, debt providers to cooperative members, and lenders to cooperatives, in addition to state and national farm policy regulators, legislators, staffers, and advisors.

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生产者风险规避与农业合作社参与
很少注意合作社在生产者风险管理方面的作用。我们回顾文献和理论的发展假设生产者的风险规避和合作社的使用之间的积极关系。我们使用作物和生猪生产者的样本检验了这一假设,并发现合作社成员和通过合作社销售的商品百分比与生产者的风险规避呈正相关的证据。这些关系与决定合作社内部成员政策的决策者、合作社成员的债务提供者和合作社的贷款人以及州和国家农业政策监管机构、立法者、工作人员和顾问有关。
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来源期刊
CiteScore
4.40
自引率
19.00%
发文量
27
期刊最新文献
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