INFLUENCES OF HUMAN CAPITAL AND FARM CHARACTERISTICS ON FARMERS' RISK ATTITUDES

We have two objectives for this paper. The first is to develop an index reflective of farmers' attitudes towards risk. In addition, we show how the risk indices are distributed by size of farm and other farm and operator characteristics, providing information as to how risk management tools may be used, and farm policies targeted. This information will be useful to help explain agricultural sector structural change, such as complex business arrangements arising in agriculture, and household portfolio investment choices