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Economic Benefits of Fungicide Use in Corn Production

Yangxuan Liu, Michael Langemeier and Kiersten Wise

No 196804, 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: This study used experimental data from West Lafayette, Indiana to examine the economic benefits of applying fungicide to corn. The average improvements in yield, gross revenue, and net return (gross revenue minus fungicide and application cost) were 4 bushels per acre, $19 per acre, and -$9 per acre, respectively. Stochastic dominance was used to compare the fungicide application treatments to a no fungicide application alternative. Individual fungicides were part of the stochastic dominance efficient sets. However, with recent corn prices, the improvement in yields and gross revenue would not be high enough to make the individual fungicides economically viable.

Keywords: Agribusiness; Agricultural Finance; Crop Production/Industries; Farm Management; Financial Economics; Production Economics; Resource /Energy Economics and Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 10
Date: 2015
New Economics Papers: this item is included in nep-agr and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea15:196804

DOI: 10.22004/ag.econ.196804

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