NITROGEN-FIXING WINTER COVER CROPS AND PRODUCTION RISK: A CASE STUDY FOR NO-TILLAGE CORN

James Larson (), Roland Roberts, Donald D. Tyler, Bob N. Duck and Stephen P. Slinsky

Journal of Agricultural and Applied Economics, 1998, vol. 30, issue 01, 12

Abstract: Winter legumes can substitute for applied nitrogen fertilization of corn. Stochastic dominance was used to order net revenues from legume and applied nitrogen alternatives. Stochastic dominance orderings indicate that systems combining vetch with low applied nitrogen fertilization (50 and 100 pounds/acre, respectively) were risk inefficient. By contrast, vetch and 150 pounds/acre applied nitrogen maximized expected net revenue and was risk efficient for a wide range of risk-averse and risk-seeking behavior. Farmers with these risk attitudes may not reduce applied nitrogen if they switch to a vetch cover. Extremely risk-averse or risk-seeking farmers would not prefer winter legumes.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (2)

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Journal Article: Nitrogen-Fixing Winter Cover Crops and Production Risk: A Case Study for No-Tillage Corn (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15098

DOI: 10.22004/ag.econ.15098

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