https://www.uwagec.org/ruralfamilyventures/2007_08_RiskPoster_AAEA.pdf

We know a great deal about the role of risks and uncertainty in agriculture in the West and other regions. Much less is known about producers’ perceived importance and causes of various farm risks in the U.S. Patrick et al. (1985) indicated that perceptions of sources of and responses to risk varied across geographic regions and by farm type. Boggess et al. (1985) and Wilson et al. (1988) found that perceptions varied so much among individuals that a risk classification based on socioeconomic variables was not possible. Patrick and Musser (1997) concluded that, besides geographic location and farm type, institutional structures and other factors affecting the operating environ- ment of producers were also likely to influence farmers’ perceptions of sources of and responses to risk.