The Risk Attitudes of U.S. Farmers: Comparisons to the General Population and Business Owners

Brian Roe

No 103226, 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania from Agricultural and Applied Economics Association

Abstract: I compare the risk attitudes of a large, representative sample of farmers to representative samples of the general population and of non-farm small business owners using a robust survey measure of risk tolerance. I find no difference between farmers and the general population in average risk tolerance while small business owners are significantly more risk tolerant than farmers. If farmers shared the same demographic profile as the general population, farmers would be significantly more risk tolerant while if farmers shared the profile of nonfarm business owners they would have similar risk tolerance.

Keywords: Agricultural and Food Policy; Institutional and Behavioral Economics; Political Economy; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2011-04-27
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea11:103226

DOI: 10.22004/ag.econ.103226

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