An Economic Risk Analysis of Weed-Suppressive Rice Cultivars in Conventional Rice

K. Bradley Watkins, David R. Gealy, Merle M. Anders and Ranjit Mane

Journal of Agricultural and Applied Economics, 2018, vol. 50, issue 4

Abstract: Weed-suppressive rice cultivars have the potential to reduce heavy reliance on synthetic herbicides in rice production. However, the economics of using weed-suppressive rice cultivars in conventional rice systems have not been fully evaluated. This study uses simulation and stochastic efficiency with respect to a function to rank weed-suppressive and weed-nonsuppressive rice cultivars under alternative herbicide intensity levels based on their certainty equivalents mapped across increasing levels of absolute risk aversion. The results indicate risk-averse rice producers would prefer to grow weed-suppressive cultivars using less herbicide inputs than what would be used to grow weed-nonsuppressive rice cultivars.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:355621

DOI: 10.22004/ag.econ.355621

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