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Hog Producers' Risk Management Attitudes and Desire for Additional Risk Management Education

Published online by Cambridge University Press:  28 April 2015

George F. Patrick ,
Amy J. Peiter ,
Thomas O. Knight ,
Keith H. Coble  and
Alan E. Baquet
George F. Patrick
Affiliation:
Department of Agricultural Economics, Purdue University, West Lafayette, IN
Amy J. Peiter
Affiliation:
Department of Agricultural Economics, Purdue University, West Lafayette, IN
Thomas O. Knight
Affiliation:
Department of Agricultural and Applied Economics, Texas Tech University, Lubbock, TX
Keith H. Coble
Affiliation:
Department of Agricultural Economics, Mississippi State University, Mississippi State, MS
Alan E. Baquet
Affiliation:
Department of Agricultural Economics, University of Nebraska, Lincoln, NE
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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.

Keywords

financial managementfutures and optionspacker marketing contractsproduction contractsrisk attitudesrisk managementD81D83Q12Q16
Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 39 , Issue 3 , December 2007 , pp. 671 - 687
Copyright
Copyright © Southern Agricultural Economics Association 2007

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