QUANTIFYING THE RISK ASSOCIATED WITH CROP ROTATION SYSTEMS OF AN EASTERN FREE STATE TRIAL

P.W. Botha, J.A. Meiring and H.D. Schalkwyk

Agrekon, 1999, vol. 38, issue 2

Abstract: The Small Grain and Grain Crops Institutes, both of the Agricultural Research Council, found that the gross margin of maize monoculture was higher than any other crop rotation system tested in a trial. In this paper the effect of different crop rotation systems on net cash flows are quantified. A whole farm simulation model that incorporates risk was used for this purpose. From a net cash flow point of view maize monoculture was found to be the riskiest. However, the choice of a crop rotation system depends on the risk preference of the decisionmaker since higher risks are also associated with higher profits.

Keywords: Crop Production/Industries; Environmental Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/245967/files/0 ... ng%20June%201999.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:agreko:245967

DOI: 10.22004/ag.econ.245967

Access Statistics for this article

More articles in Agrekon from Agricultural Economics Association of South Africa (AEASA) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().