REGIONAL AND FARM-LEVEL RISK ANALYSES WITH THE SINGLE-INDEX MODEL

摘要: This paper estimates single-index model (SIM) beta coefficients for the major cash crops of Ontario's agricultural-producing counties. Beta are estimated using per acre gross revenues weighted by (1) proportion each crop planted in county and (2) equal weights. The results show that sometimes substantial differences arise from these procedures. Implications government policy farm-level risk-management strategies discussed. A practical approach SIM farm management purposes is presented effects systematic nonsystematic risk