Risk Perceptions and Management Responses of Arizona Dairy Producers

Paul N Wilson, T. R. Luginsland, D. V. Armstrong

Research output: Contribution to journalArticle

13 Citations (Scopus)

Abstract

Dairy producers make decisions based on their perceptions and understanding of their economic and social environment. A survey of Arizona dairy producers was conducted to gather data on their risk perceptions and management responses. Risk or variability associated with production inputs (feed, labor, credit) was perceived to be as important to these producers as fluctuating milk prices and milk production of cows. Producers respond to these perceptions in a logical fashion by using management tools that assist in reducing this variability (e.g., forward contracting of feed). Although generalizations can be made about the risk perceptions and management responses of the Arizona dairy sector as a whole, attempts to categorize individual producers into risk-related groups based on socioeconomic variables were not successful.

Original languageEnglish (US)
Pages (from-to)545-551
Number of pages7
JournalJournal of Dairy Science
Volume71
Issue number2
DOIs
StatePublished - Jan 1 1988

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risk perception
risk management
Risk Management
dairies
Milk
Social Environment
milk prices
social environment
socioeconomic factors
Economics
credit
milk production
labor
cows
economics
Surveys and Questionnaires

ASJC Scopus subject areas

  • Food Science
  • Animal Science and Zoology
  • Genetics

Cite this

Risk Perceptions and Management Responses of Arizona Dairy Producers. / Wilson, Paul N; Luginsland, T. R.; Armstrong, D. V.

In: Journal of Dairy Science, Vol. 71, No. 2, 01.01.1988, p. 545-551.

Research output: Contribution to journalArticle

Wilson, Paul N ; Luginsland, T. R. ; Armstrong, D. V. / Risk Perceptions and Management Responses of Arizona Dairy Producers. In: Journal of Dairy Science. 1988 ; Vol. 71, No. 2. pp. 545-551.
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