Intertemporal Risk Management Decisions of Farmers under Preference, Market, and Policy Dynamics



Figure 4. Stochastic Trend Model Fitting for Wheat Cash Prices (1973 to 2003)


Predicted vs. Actual


Unit: Dollar/Bushel

<*Λ>                              <<⅛ qS> c£V                  eɪsɔ

# # # #

Q⅛

CV O^ θ^ɔ C⅛              C\V 0^"

#


39




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