Profit and risk analysis of alternative no-till and conventional tillage crop rotation systems in east central South Dakota

Bronc McMurtry, Dr. Larry Janssen, Dr. Michael Miller and Dr. Shannon Osborne

No 169574, 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota from Agricultural and Applied Economics Association

Abstract: This study summarizes key economic results from 10 different no-till (NT) crop rotations and two conventional tillage (CT) corn-soybean rotations based on agronomic data (2001 – 2012) from a long-term crop rotation experiment conducted by the North Central Agricultural Research Laboratory located in Brookings County, which lies in the East-Central region of South Dakota. A 1200 acre model crop farm was constructed for farm management budget and simulation analyses. Results indicate: (1) the CT rotation had the highest average net returns, but higher risk were also involved, (2) several four-crop NT rotations were preferred as producer risk aversion increased, and (3) diversification is a key risk management tool.

Keywords: Farm Management; Production Economics; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea14:169574

DOI: 10.22004/ag.econ.169574

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