A Risk Analysis of Crop Rotations in Southeast Kansas Including Double-Crop Alternatives

Jeffery Williams, Mario F. Crisostomo, Burton, Robert O.,, Kenneth W. Kelley and Richard Llewelyn

No 133741, Staff Papers from Kansas State University, Department of Agricultural Economics

Abstract: Six rotations, four of which include a sequence of wheat followed immediately after harvest by double-cropped soybeans, are evaluated with the option of participating in the government commodity program. Stochastic dominance analysis is used to evaluate these rotations for net return risk. Analysis indicates that risk-averse managers out of the government commodity program prefer an annual crop rotation of wheat and double-cropped soybeans. Risk-averse managers who feel participation in the government commodity program is an essential risk management tool prefer a three-year rotation of grain sorghum, full-season soybeans, and wheat with double-cropped soybeans.

Keywords: Crop Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 25
Date: 1989-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/133741/files/kansas-staff-89-06.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:ksaesp:133741

DOI: 10.22004/ag.econ.133741

Access Statistics for this paper

More papers in Staff Papers from Kansas State University, Department of Agricultural Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().