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Risk, utility and the palatabilty of extension advice to farmer groups

Author:
Officer, R.R., Halter, A.N., Dillon, John L.
Source:
Australian journal of agricultural and resource economics 1967 v.11 no.2 pp. 171-183
ISSN:
1364-985X
Subject:
farmers, risk, utility functions
Abstract:
Using the results of an empirical study of farmers' utility functions, evidence is presented that risk plays a measurable role in farmer decision making. The extension implications of such risk influences are discussed with particular emphasis on the possible efficacy of using group utility functions as a basis for group recommendations.
Agid:
489451