Cultivar Diversity as a Risk Management Strategy for Tree Crop Growers
Blank, Steven C.
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.
risk, reduction, diversity, cultivar, yield, revenue, variability, model, minimum-income, trade-off, management
Blank, Steven C. 2004. "Cultivar Diversity as a Risk Management Strategy for Tree Crop Growers." ARE Update 7(6): 5-8. University of California Giannini Foundation of Agricultural Economics.