Agricultural Economics Department

 

Date of this Version

December 2007

Comments

Published in Journal of Agricultural and Applied Economics, 39,3(December 2007):671-687. Copyright © 2007 Southern Agricultural Economics Association. Used by permission.

Abstract

Hog producers in Indiana and Nebraska were surveyed about sources of risk, effectiveness of risk management strategies, and prior participation in and desire for additional risk management education. Ownership of hogs by the producer, size of the operation, and age did have significant effects on ratings of both sources of risk and effectiveness of risk management strategies. Probit analysis found age, prior attendance, knowledge and prior use of the tool, level of integration, and concern about price and performance risk have significant effects on interest in further education about production contracts, futures and options, packer marketing contracts, and financial management.