Open access
Datum
2018-09Typ
- Journal Article
Abstract
We investigate determinants of dairy producers’ risk exposure using a unique combination of foci on (i) downside risks, (ii) a holistic representation of revenues from milk and animal sales, (iii) climatic extremes and (iv) the role of animal health. A sample of German dairy farms reveals that animal health and heat stress indicators influence mean and semi-variance of revenues. For instance, heat stress exposure reduces expected milk revenues significantly. In the case of animal health-related indicators, our results show trade-offs between expected revenues and downside risks. Furthermore, variabilities in revenues from milk and animal sales are significantly interrelated. Mehr anzeigen
Persistenter Link
https://doi.org/10.3929/ethz-b-000266730Publikationsstatus
publishedExterne Links
Zeitschrift / Serie
European Review of Agricultural EconomicsBand
Seiten / Artikelnummer
Verlag
Oxford University PressThema
production risk; animal health; climate extremes; stochastic multi-output production; dairy sectorOrganisationseinheit
09564 - Finger, Robert / Finger, Robert