Richard Preston and Cory Walters explain how they are using Analytica to help the farming community.
Farmers have always been exposed to risk. Yields are uncertain; prices are uncertain. In the past most agricultural education had been geared toward maximizing income. Decisions were made by comparing averages of different management choices. In today’s uncertain world, it is time to think about risk. Analytica provides the perfect platform for Agricultural Economists to explore the tradeoff between risk and profit at the farm level.