Cultivar Diversity: A Neglected Risk Management Strategy
Risk reduction through diversification across cultivars is evaluated. A case study of peach growers in California shows that cultivar diversity reduces both yield and revenue variability. As a result, the probability of falling below minimum income requirements set using a safety-first model is reduced using this strategy.
Tadesse, Dawit; Blank, Steven C., Cultivar Diversity: A Neglected Risk Management Strategy, Journal of Agricultural and Resource Economics, Volume 28, Issue 2, August 2003, Pages 217-232
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