A Two-Stage Approach for Estimating the Value of Damage Control with Fungicide in Soybean Production

Christopher Boyer, Xavier Harmon, S. Aaron Smith, Dayton Lambert, Heather Kelly, Jamie Jordan and Melvin Newman

No 229574, 2016 Annual Meeting, February 6-9, 2016, San Antonio, Texas from Southern Agricultural Economics Association

Abstract: Little is known about the profitability of treating soybean infected with frogeye leaf spot (FLS) with a foliar fungicide. We determine the economic effect of total water applied, growing degree days, and foliar fungicide treatment on FLS severity and yield of soybean MG III, IV, and V with a two-stage severity/treatment outcome model. Data were collected from an 11-year soybean fungicide experiment in Tennessee under high, natural disease pressure. The marginal value product and the breakeven price of soybean for applying a foliar fungicide to treat FLS were estimated for each MG. Applying foliar fungicide reduced FLS severity and increased yields for each MG. The results suggest a profit-maximizing producer would apply a foliar fungicide each year to manage FLS.

Keywords: Farm; Management (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea16:229574

DOI: 10.22004/ag.econ.229574

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