The types of risks that most agricultural producers are subject to can be classified as price and production risks. Price risk refers to the many different potential scenarios where realized prices differ from price expectations. Similarly, production risk refers to the many different potential scenarios where realized output differs from expected output. Producers need to develop risk management plans that fit the needs and objectives of their operations to cope with both types of risk.
Publisher |
University of Arkansas System Division of Agriculture |
Publication Views |
22 |
Material Type |
Written Material |