Trade-Offs between Risks and Returns of Multiple Vegetable Cropping Systems
Production of crops as a business venture is considered risky. A farmer faces variations in prices, yield and resource constraints that make income unstable. This study looks at the trade-off between farm returns (E) and risk (V) (as measured by variance of expected income) in a vegetable crop div...
| Main Authors: | , |
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| Format: | Article |
| Language: | English English |
| Published: |
Universiti Putra Malaysia Press
1993
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| Online Access: | http://psasir.upm.edu.my/id/eprint/2986/ http://psasir.upm.edu.my/id/eprint/2986/1/Trade-Offs_between_Risks_and_Returns_of_Multiple.pdf |
| _version_ | 1848839401333850112 |
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| author | Mohamed, Zainal Abidin Thani, Pichit |
| author_facet | Mohamed, Zainal Abidin Thani, Pichit |
| author_sort | Mohamed, Zainal Abidin |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Production of crops as a business venture is considered risky. A farmer faces variations in prices, yield and
resource constraints that make income unstable. This study looks at the trade-off between farm returns (E)
and risk (V) (as measured by variance of expected income) in a vegetable crop diversification programme.
The study demonstrates how minimum risk farm plans can be estimated to allocate available land to match
the vegetable crop combinations efficiently in situations of risk and uncertainty. The E-V frontier is traced
to evaluate the trade-offs between risks and returns of each combination of the vegetable crops. The results
indicate that farmers with high risk aversion i.e. at the lower E-V frontier should plant more "ladies fingers"
spinach and cucumber, while farmers who are risk neutral i.e. at the higher E-V frontier should plant more
high risk crops such as bitter gourd and "kailan". |
| first_indexed | 2025-11-15T07:10:52Z |
| format | Article |
| id | upm-2986 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T07:10:52Z |
| publishDate | 1993 |
| publisher | Universiti Putra Malaysia Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-29862013-05-27T07:04:55Z http://psasir.upm.edu.my/id/eprint/2986/ Trade-Offs between Risks and Returns of Multiple Vegetable Cropping Systems Mohamed, Zainal Abidin Thani, Pichit Production of crops as a business venture is considered risky. A farmer faces variations in prices, yield and resource constraints that make income unstable. This study looks at the trade-off between farm returns (E) and risk (V) (as measured by variance of expected income) in a vegetable crop diversification programme. The study demonstrates how minimum risk farm plans can be estimated to allocate available land to match the vegetable crop combinations efficiently in situations of risk and uncertainty. The E-V frontier is traced to evaluate the trade-offs between risks and returns of each combination of the vegetable crops. The results indicate that farmers with high risk aversion i.e. at the lower E-V frontier should plant more "ladies fingers" spinach and cucumber, while farmers who are risk neutral i.e. at the higher E-V frontier should plant more high risk crops such as bitter gourd and "kailan". Universiti Putra Malaysia Press 1993 Article NonPeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/2986/1/Trade-Offs_between_Risks_and_Returns_of_Multiple.pdf Mohamed, Zainal Abidin and Thani, Pichit (1993) Trade-Offs between Risks and Returns of Multiple Vegetable Cropping Systems. Pertanika Journal of Social Sciences & Humanities, 1 (2). pp. 163-170. ISSN 0128-7702 English |
| spellingShingle | Mohamed, Zainal Abidin Thani, Pichit Trade-Offs between Risks and Returns of Multiple Vegetable Cropping Systems |
| title | Trade-Offs between Risks and Returns of Multiple
Vegetable Cropping Systems |
| title_full | Trade-Offs between Risks and Returns of Multiple
Vegetable Cropping Systems |
| title_fullStr | Trade-Offs between Risks and Returns of Multiple
Vegetable Cropping Systems |
| title_full_unstemmed | Trade-Offs between Risks and Returns of Multiple
Vegetable Cropping Systems |
| title_short | Trade-Offs between Risks and Returns of Multiple
Vegetable Cropping Systems |
| title_sort | trade-offs between risks and returns of multiple
vegetable cropping systems |
| url | http://psasir.upm.edu.my/id/eprint/2986/ http://psasir.upm.edu.my/id/eprint/2986/1/Trade-Offs_between_Risks_and_Returns_of_Multiple.pdf |