IMPACTS OF ENERGY ALLOCATION ON INCOME AND RISK FOR CROP PRODUCERS

James B. Kliebenstein and Francis P. McCamley

No 279178, 1982 Annual Meeting, August 1-4, Logan, Utah from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A quadratic programming model was used to explore the impacts of fuel allocation levels on crop producers. Impact on. expected income levels, risk levels and Btu consumption are evaluated. An allocation level which reduced diesel fuel consumption by about 20 percent would reduce expected Income by about $77 per gallon, reduce the standard deviation of income by about $21 per gallon, and reduce total energy consumption by about 220 thousand Btu's per gallon. The use of energy based inputs other than diesel fuel would not change much until more drastic reductions in diesel fuel allocations were imposed.

Keywords: Crop Production/Industries; Resource/Energy Economics and Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 16
Date: 1982-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea82:279178

DOI: 10.22004/ag.econ.279178

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