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Risk, Uncertainty And The Agricultural Firm

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Risk, Uncertainty And The Agricultural Firm by Charles Britt Moss

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This text is the first major survey of risk analysis from the perspective of the agricultural firms since Agricultural Decision Analysis by Anderson, Dillon, and Hardaker published in 1977. In addition to updating the traditional material from that text, this book includes the statistical foundations of decision making under risk and uncertainty. Adding to the material covered in Anderson, Dillon, and Hardaker, the text includes material on dynamic decision rules, the arbitrage pricing model, real options theory, and state-contingent production relationships. Risk, Uncertainty, and the Agricultural Firm provides a unique discussion of each application - developing the theoretical basis for each model and presenting an empirical roadmap (or the "nuts and bolts") of each model to facilitate the empirical application of each technique.

Author Biography

Charles B Moss grew up on a cattle and wheat farm in Western Oklahoma. He received his BS in Agricultural Economics and Accounting from Oklahoma State University in 1982 and his MS in Agricultural Economics in 1984. He continued his studies in Agricultural Economics at Purdue University and received his PhD in 1987. His research has primarily focused on the areas of financial risk and stress in the farm sector. In addition, he has applied his quantitative skills to problems including water resource management, timber resources, citrus crop decisions, coffee marketing in Mexico, trade issues in sugar, analysis of technology adoption including precision agriculture, invasive species and agricultural productivity measures. These research activities have produced 190 research publications including five edited volumes, 22 book chapters, 70 refereed journal articles, nine papers published in proceedings and more than 100 presentations across the country and internationally. Moss had the privilege to serve as a McKethan-Matherly fellow in the Economics Department at the University of Florida from 1989-1994 working with the late Professor Henri Theil and is an affiliate member of the Center for Applied Optimization and the Center for Latin American Studies, both at the University of Florida. In 2006, Moss received the Journal of Agricultural and Resource Economics Outstanding Journal Article award with Steve Blank and Kenneth Erickson. In addition, he received the American Agricultural Economics Association Quality of Research Discovery Award in 2007 for research in collaboration with Grigorios Livanis, Vincent Breneman, and Richard Nehring. He has also been successful in funding research interests through competitive grants including three USDA/National Research Initiative grants to study competitiveness in Agricultural Credit Markets, Crop Patterns and Water Use under Free Trade, and the effect of Vertical Integration on US Sugar Policy. In addition to the NRI grants, he has secured funding from the USDA/ERS to work on measurement of the agricultural land input in the USDA's production accounts. On a more local level, he has worked with both the Northwest Florida Water Management District and the Saint Johns River Water Management District to estimate agricultural and household water demand in those regions.
Release date NZ
April 13th, 2010
  • Professional & Vocational
  • Tertiary Education (US: College)
Country of Publication
World Scientific Publishing Co Pte Ltd
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