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Copula-based agricultural conditional value-at-risk modelling for geographical diversifications in wheat farming portfolio management

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Figure

Fig. 1. Location of the broad-acre wheat zones in Australia that spans acrossdicondition in Wimmera (Victoria, VIC)
Fig. 2. Historical marginal returns over the period study 1990–2016 at the three wheat production zones in Australia: VIC, SA and WA.
Fig. 3. Graphical analysis of goodness-of-fit for selecting marginal distributions approximate to VIC (a–b), SA (c–d), and WA (e–f) returns with density and quantile-quantile plots.
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