Relative riskiness of fixed vs. flexible crop rotations in the dryland cropping region of Western Canada
W. P. Weisensel,
Gerrit van Kooten and
R. A. Schoney
Additional contact information
W. P. Weisensel: Department of Agricultural Economics, University of Saskatchewan, Postal: Department of Agricultural Economics, University of Saskatchewan
R. A. Schoney: Department of Agricultural Economics, University of Saskatchewan, Postal: Department of Agricultural Economics, University of Saskatchewan
Agribusiness, 1991, vol. 7, issue 6, 551-562
Monte Carlo simulation is used to compare the expected net returns and relative riskiness of alternative cropping strategies in Saskatchewan. The strategies include traditional fixed rotations and flexible ones that have been recommended by researchers. Three important conclusions follow. (a) Flexcropping based on available soil moisture at seeding time is the most profitable cropping strategy. (b) However, the value of measuring spring soil moisture depends crucially on the level of confidence the decision maker has in these measurements. (c) Finally, simple flexcrop strategies based on a break-even formula are an effective extension tool, perhaps more so than those found using dynamic optimization.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:7:y:1991:i:6:p:551-562
Access Statistics for this article
Agribusiness is currently edited by Ronald W. Cotterill
More articles in Agribusiness from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().