Coping with risk in agriculture

The aim of this book is to introduce the nature of agriculture decision-making under uncertainty, the concept of rational choice and its foundations in theories of probability and risk preference. It also describes methods for the analysis of risky decisions that can be used in agriculture and the preparation of plans for risk management. Including numerous practical examples, the book is aimed at senior undergraduate or graduate students of agricultural economics and farm management or business, as well as advisers to farmers.