882 resultados para Mechanization in agriculture


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Bibliography: p. 20-23.

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"Issued September 1964."

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At head of title: State board of education.

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Description based on: 1985.

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Includes bibliographies.

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Mode of access: Internet.

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In the present paper, risk-management problems where farmers manage risk both through production decisions and through the use of market-based and informal risk-management mechanisms are considered. It is shown that many of these problems share a common structure, and that a unified and informative treatment of a broad spectrum of risk-management tools is possible within a cost-minimisation framework, under minimal conditions on their objective functions. Fundamental results are derived that apply regardless of the producer's preference towards risks, using only the no-arbitrage condition that agricultural producers never forego any opportunity to lower costs without lowering returns.