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



Table 2. Descriptive Statistics of the Simulated Yield and Price Data

Statistics Year1 Year2 Year3 Year4 Year5 Year1

Year2 Year3 Year4 Year5


46


Whitman Simulated Yield (bushel/acre)

Grant Simulated Yield (bushel/acre)

Mean

75.28

75.93

76.77

77.36

78.24

75.19

76.27

76.30

77.34

78.02

Std Dev.

7.26

7.22

7.28

7.06

7.23

7.49

8.15

8.36

9.46

9.65

Skewness

-0.01

-0.03

0.02

0.07

-0.04

-0.08

-0.02

0.03

-0.05

0.02

Kurtosis

0.24

0.14

-0.03

0.07

-0.005

0.08

0.26

-0.09

0.16

-0.4


Portland Cash Price (dollar/bushel)              CBOT Futures Price (dollar/bushel)

Mean

3.93

3.86

3.82

3.79

3.77

3.56

3.51

3.49

3.46

3.44

Std Dev.

0.66

0.91

1.07

1.21

1.34

0.68

0.96

1.15

1.29

1.44

Skewness

0.02

0.02

0.06

0.10

0.06

-0.04

0.02

0.10

0.07

0.05

Kurtosis

-0.05

0.06

-0.06

0.20

-0.12

0.03

0.01

-0.20

-0.26

-0.31



More intriguing information

1. Voting by Committees under Constraints
2. Infrastructure Investment in Network Industries: The Role of Incentive Regulation and Regulatory Independence
3. The Impact of Financial Openness on Economic Integration: Evidence from the Europe and the Cis
4. Educational Inequalities Among School Leavers in Ireland 1979-1994
5. Stakeholder Activism, Managerial Entrenchment, and the Congruence of Interests between Shareholders and Stakeholders
6. The Trade Effects of MERCOSUR and The Andean Community on U.S. Cotton Exports to CBI countries
7. The name is absent
8. Evaluation of the Development Potential of Russian Cities
9. The Variable-Rate Decision for Multiple Inputs with Multiple Management Zones
10. HOW WILL PRODUCTION, MARKETING, AND CONSUMPTION BE COORDINATED? FROM A FARM ORGANIZATION VIEWPOINT