DETERMINING OPTIMAL FERTILIZATION RATES UNDER VARIABLE WEATHER AND PRICE-CONDITIONS: AN EXTENSION
C. Robert Taylor and
Hovav Talpaz
No 283955, 1978 Annual Meeting, August 6-9, Blacksburg, Virginia from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Abstract:
This paper presents a theoretical framework for determining optimal fertilization rates under risk aversion. Three sources of risk were incorporated into the model: (a) the influence of weather; (b) uncertainty about the coefficient of the response function; and (c) product price variability. The model is applied to grain sorghum in the Texas Blackland Prairie.
Keywords: Demand and Price Analysis; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 13
Date: 1978-08
References: Add references at CitEc
Citations:
Downloads: (external link)
https://ageconsearch.umn.edu/record/283955/files/19-00105AAEA_0832.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:aaea78:283955
DOI: 10.22004/ag.econ.283955
Access Statistics for this paper
More papers in 1978 Annual Meeting, August 6-9, Blacksburg, Virginia from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Bibliographic data for series maintained by AgEcon Search ().