Evaluating Dryland Crop/Livestock System Alternatives for Risk Management under Declining Irrigation in the Texas Panhandle

David G. Lust, Lal K. Almas, Bob A. Stewart and W. Arden Colette

No 46843, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: Production budgets for dryland crop and crop/livestock systems are developed to estimate yields, costs and returns for dryland wheat and sorghum and for alternative dryland crop/livestock systems. A crop simulation model aids yield estimation. The yield and return distributions are used to estimate risk and relative risk for included alternatives.

Keywords: Relative Risk; Ogallala Aquifer; Crop-Livestock Systems; Wheat; Sorghum; Crop Production/Industries; Farm Management; Livestock Production/Industries; Production Economics; Productivity Analysis (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr
Date: 2009
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