The Economics of Annual Legume and Double Legume Cover Cropping in Southern Manitoba

Ashleigh McLellan and Jared G. Carlberg

No 56561, 2010 Annual Meeting, February 6-9, 2010, Orlando, Florida from Southern Agricultural Economics Association

Abstract: Using historical data from crop producing farms in southern Manitoba, this study quantifies the economic savings that could be realized by using legumes to supply nitrogen in a cereal-oilseed based rotation. Stochastic budgets are developed for four alternative crop rotations and the returns associated with each are evaluated using the utility-based risk ranking methods of stochastic dominance and stochastic efficiency. It is found that including a legume cover crop in a cereal-oilseed based rotation can reduce the amount of nitrogen required by a subsequent crop and in turn increase the net returns associated with the complete crop rotation.

Keywords: Crop Production/Industries; Farm Management; Land Economics/Use; Production Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 33
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea10:56561

DOI: 10.22004/ag.econ.56561

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