Incorporating Government Program Provisions into a Mean-Variance Framework Academic Article uri icon


  • AbstractE-V studies traditionally have relied on historical data to calculate returns and variance. Historical data may not fully reflect current conditions, particularly when decisions involve government-supported crops. This paper presents a method for calculating mean and variance using subjectively-estimated data. The method is developed for both government-supported and non-program crops. Comparisons to alternative methods suggest the approach provides reasonable accuracy.

published proceedings

  • Journal of Agricultural and Applied Economics

author list (cited authors)

  • Perry, G. M., Rister, M. E., Richardson, J. W., & Bessler, D. A.

citation count

  • 1

complete list of authors

  • Perry, Gregory M||Rister, M Edward||Richardson, James W||Bessler, David A

publication date

  • December 1989