Rationalizing apple growers' decision making in Germany - a utility based whole farm programming approach

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Roehrig, M.B.K.; Hardeweg, B.; Lentz, W.: Rationalizing apple growers' decision making in Germany - a utility based whole farm programming approach. In: International Food and Agribusiness Management Review 21 (2018), Nr. 8, S. 1099-1119. DOI: https://doi.org/10.22434/IFAMR2017.0121

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Sum total of downloads: 142

Commercial apple production is exposed to various sources of risks. This paper presents a normative utility-efficient programming (UEP) approach, calculating optimal farm plans for apple growers in two different regions of Germany. It takes weather-related quality and yield risks, as well as price risks into account. It is based on risk attitude and risk perception collected from a sample of 134 apple growers. After combining subjective estimates of the apple growers with relevant historical data, input data for the UEP-model were derived from Monte-Carlo simulations. The UEP-model determines optimal portfolios, consisting of combinations of apple varieties and risk management instruments. The results indicate that the degrees of risk aversion affect optimum farming strategies only to a minor extent. They also provide evidence that farmers would benefit from a combined frost-hail insurance, whereas the absence of frost irrigation systems may cause high yield-losses in the northern part of Germany.
License of this version: CC BY-NC-SA 4.0 Unported
Document Type: Article
Publishing status: publishedVersion
Issue Date: 2018
Appears in Collections:Naturwissenschaftliche Fakultät

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downloads by country:

pos. country downloads
total perc.
1 image of flag of Germany Germany 46 32.39%
2 image of flag of Russian Federation Russian Federation 27 19.01%
3 image of flag of Czech Republic Czech Republic 17 11.97%
4 image of flag of United States United States 15 10.56%
5 image of flag of China China 6 4.23%
6 image of flag of Switzerland Switzerland 6 4.23%
7 image of flag of No geo information available No geo information available 3 2.11%
8 image of flag of Poland Poland 3 2.11%
9 image of flag of Ethiopia Ethiopia 2 1.41%
10 image of flag of Belgium Belgium 2 1.41%
    other countries 15 10.56%

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