ESTIMATING THE RISK OF ALTERNATE TECHNIQUES: NITROGENOUS FERTILIZATION OF RICE IN THE PHILIPPINES

James Roumasset

Review of Marketing and Agricultural Economics, 1974, vol. 42, issue 04, 38

Abstract: The problem investigated is how to estimate expected profits and the risk of using nitrogenous fertilizer for purposes of making fertilizer recommendations and explaining farmer decisions. Three inappropriate methods are discussed and a new method is developed which combines experimentally determined production functions with cross-section data on crop damages. For the Philippine situation analyzed, it appears that using the amount of nitrogen fertilizer which maximizes expected profits does not substantially increase the risk above low nitrogen levels. This finding casts doubt on the hypothesis that farmers' reluctance to use modern techniques is due to their aversion to risk.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 1974
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://ageconsearch.umn.edu/record/9144/files/42040257.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:remaae:9144

DOI: 10.22004/ag.econ.9144

Access Statistics for this article

More articles in Review of Marketing and Agricultural Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().