Modeling and Simulating Price, Yield, and Production Distributions for Risk Analysis in Agriculture: Discussion

Extract

The purpose of this session is to discuss various procedures for modeling agricultural price and yield distributions. The model results are then used to provide improved analyses for agricultural risk management with the focus primarily upon the agricultural production sector. Each of the papers presented here contributes to that end. The discussion of these papers will be organized as follows: First, comments on each paper beginning with Richardson, Klose and Gray (RKG), then some general observations and concerns, along with a suggestion of issues for further discussion.