“…Attempts to elicit and incorporate farmers' subjective beliefs into models and analysis are fairly rare. Exceptions include studies that measure beliefs about yield loss due to crop disease or adverse weather (Carlson, 1970;Pingali and Carlson, 1985;Menapace et al, 2013), subjective yield, price and income expectations (Grisley and Kellogg, 1983;Clop-Gallart and Juárez-Rubio, 2007), subjective beliefs about optimal nitrogen applications (SriRamaratnam et al, 1987), and beliefs about weather impacts (Sherrick et al, 2000;Sherrick, 2002). These studies have relied on indirect methods of probability elicitation or fractile approaches, an exception being (Sherrick et al, 2000;Sherrick, 2002) which uses both a fractile and inverse CDF approach.…”