HOME HELP FEEDBACK SUBSCRIPTIONS ARCHIVE SEARCH TABLE OF CONTENTS		QUICK SEARCH:   [advanced] Author: Keyword(s): Year:  Vol:  Page:

This Article Full Text (PDF) Alert me when this article is cited Alert me if a correction is posted Services Similar articles in this journal Alert me to new issues of the journal Download to citation manager Citing Articles Citing Articles via Google Scholar Google Scholar Articles by Wilson, P. N. Articles by Armstrong, D. V. Search for Related Content PubMed Articles by Wilson, P. N. Articles by Armstrong, D. V.

Risk Perceptions and Management Responses of Arizona Dairy Producers

Department of Agricultural Economics

D. V. Armstrong

Department of Animal Sciences, University of Arizona, Tucson 85721

ABSTRACT

Dairy producers make decisions based on their perceptions and understanding of their economic and social environment. A survey of Arizona dairy producers was conducted to gather data on their risk perceptions and management responses. Risk or variability associated with production inputs (feed, labor, credit) was perceived to be as important to these producers as fluctuating milk prices and milk production of cows. Producers respond to these perceptions in a logical fashion by using management tools that assist in reducing this variability (e.g., forward contracting of feed). Although generalizations can be made about the risk perceptions and management responses of the Arizona dairy sector as a whole, attempts to categorize individual producers into risk-related groups based on socioeconomic variables were not successful.