Wheat Variety Selection to Maximize Returns and Minimize Risk: An Application of Portfolio Theory

Andrew Barkley (), Hikaru Peterson and James Shroyer

Journal of Agricultural and Applied Economics, 2010, vol. 42, issue 01, 17

Abstract: This research shows that a portfolio of wheat varieties could enhance profitability and reduce risk over the selection of a single variety for Kansas wheat producers. Many Kansas wheat farmers select varieties solely based on published average yields. This study uses portfolio theory from business investment analysis to find the optimal, yield-maximizing and risk-minimizing combination of wheat varieties in Kansas.

Keywords: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Industrial Organization; Production Economics; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (14)

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Journal Article: Wheat Variety Selection to Maximize Returns and Minimize Risk: An Application of Portfolio Theory (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:57152

DOI: 10.22004/ag.econ.57152

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