Temporal Frequency of Soil Test Information Effects on Returns to Potassium Fertilization in Cotton Production

Xavier Harmon, Christopher Boyer, Dayton Lambert and James Larson ()

No 229600, 2016 Annual Meeting, February 6-9, 2016, San Antonio, Texas from Southern Agricultural Economics Association

Abstract: Little research exists on the optimal temporal frequency between soil tests, given empirical data on soil potassium (K) carryover and its interaction with cotton yield. We evaluate how increasing the temporal frequency between obtaining K soil test information affects the net present value (NPV) of cotton production. A Monte Carlo simulation was used to determine NPV for cotton production using five soil test schedules ranging from soil testing annually to every fifth year. NPV of returns to K was maximized at $18,749 per hectare when producers updated soil testing information every other year, which was $4 per hectare per year greater than annual soil testing.

Keywords: Production; Economics (search for similar items in EconPapers)
Pages: 33
Date: 2016
New Economics Papers: this item is included in nep-agr
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https://ageconsearch.umn.edu/record/229600/files/SAEA%20paper_XH.pdf (application/pdf)

Related works:
Journal Article: TEMPORAL FREQUENCY OF SOIL TEST INFORMATION EFFECTS ON RETURNS TO POTASSIUM FERTILIZATION IN COTTON PRODUCTION (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea16:229600

DOI: 10.22004/ag.econ.229600

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