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Barry, Peter J. Nartea, Gilbert Valenton 2014-12-17T20:54:30Z 2014-12-17T20:54:30Z 10000-01-01 1994 1994 The risk and cost effects of geographic diversification in central Illinois were deterministically simulated in representative grain farms, using tract-level yield data to estimate the relationship between correlation of yield and distance between tracts. The results indicate that the costs involved in transporting machines and equipment from tract to tract, far outweigh the derived risk (variance) reduction benefits. Survey results also showed that farmers appear to be aware of this unfavorable tradeoff. The results of the simulation also indicate that while geographic diversification may not be an attractive risk management strategy for the individual farmer, it holds promise for large institutional investors who do not have to deal with transporting machines and equipment between tracts. Made available in DSpace on 2014-12-17T20:54:30Z (GMT). No. of bitstreams: 1 9503283.pdf: 4895601 bytes, checksum: 4bb1ccbb8eb33cc0aceda96d8d3f460b (MD5) Previous issue date: 1994 Embargo set by: Seth Robbins for item 72349 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs U of I Only 168 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1994. http://hdl.handle.net/2142/72181 (UMI)AAI9503283 Agriculture, General Economics, Agricultural Economics, Commerce-Business Empirical Evaluation of the Risk and Cost Effects of Geographic Diversification in Central Illinois Grain Farms text Agricultural Economics Agricultural Economics University of Illinois at Urbana-Champaign Dissertation Ph.D.