Risk Analysis of Tillage and Crop Rotation Alternatives with Winter Wheat

Jeffery Williams, Matthew J. Pachta, Kraig L. Roozeboom, Richard Llewelyn, Mark M. Claassen and Jason Bergtold

Journal of Agricultural and Applied Economics, 2012, vol. 44, issue 4, 16

Abstract: The economic feasibility of soybeans, grain sorghum, and corn in annual rotation with winter wheat using reduced tillage and no-tillage systems in the Central Great Plains was evaluated, with continuous wheat and grain sorghum also analyzed. Net returns were calculated using simulated yield and price distributions based on historical yields, two historical annual price series, and 2011 costs. Stochastic Efficiency with Respect to a Function was used to determine the preferred strategies under various risk preferences. The no-till wheat-soybean and reduced-till wheatsoybean systems are the first and second most preferred, regardless of the level of risk aversion.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://ageconsearch.umn.edu/record/137123/files/jaae487.pdf (application/pdf)

Related works:
Journal Article: Risk Analysis of Tillage and Crop Rotation Alternatives with Winter Wheat (2012)
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:joaaec:137123

DOI: 10.22004/ag.econ.137123

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().