Dear acquaintances,
I am trying to estimate production risk in agriculture, in that I want to see the difference between the position of actual risk (have to estimate from secondary data) and farmer's realized risk (derived from production function).
Here I have a problem in estimating actual risk, I can't find the right procedure to estimate it from secondary data. The data will be on a number of unfavorable events in an year, type of damage, location ID. etc. Can anyone please help me to find right material to refer to?
Thank You.