Crop production planning under risk in Changwat Lamphun, 1987-88 crop year
1990
Prateep Phetkao
Optimal plans obtained from the results of risk programming analysis show that it is more close to the actual crop production in Changwat Lumphun more than the optimal plan obtained from the linear programming analysis. Farmers in Changwat Lumphun tend to be risk averse and concerned with income risk in the selection of crop production. Planning of crop production in Changwat Lamphun derived from risk programming model was recommended and developed as a guide line for the concerned agencies. The optimum plans obtained from the risk programming seemed to reflect the effect of income risk faced by the farmers very well. When the risk aversion coefficient was increased to 0.40, the optimal plan suggested that glutinous rice should be produced for household consumption. Risk programming model can be used as a guide line for crop production in Changwat Lamphun in the near future. In addition this risk programming can be useful for assessing the consequences of some key policies or programs before it will be implemented in order to make sure that these policies or programs can generate the best outcome
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This bibliographic record has been provided by Thai National AGRIS Centre, Kasetsart University
