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Farmers face risks from the weather, crop and livestock performance, pests and diseases, as well as institutional, personal and business risks. This book includes updated chapters on theory and methods and a new chapter on the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency.

Produktbeschreibung
Farmers face risks from the weather, crop and livestock performance, pests and diseases, as well as institutional, personal and business risks. This book includes updated chapters on theory and methods and a new chapter on the state-contingent approach to the analysis of production and the use of copulas to better model stochastic dependency.
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Autorenporträt
J. Brian Hardaker teaches at the University of New England, Australia.