Enhancing Farm Profitability through Portfolio Analysis: The Case of Spatial Rice Variety Selection

Lawton Nalley, Andrew Barkley (), Watkins Brad and Jeffrey A. Hignight

No 45648, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: The objectives of this paper is to use the large depth of existing literature on portfolio theory and apply it to rice varietal selection for 6 counties in the Arkansas Delta. Results based on 1999-2006 data suggests that combining available varieties using portfolio theory could have increased profits from 3 to 26% (dependent on location) in the Arkansas Delta. The major implication of this research is that data and statistical tools are available to improve the choice of rice varieties to plant each year in specific locations within Arkansas. Specifically, there are large potential gains from combining varieties that are characterized by inverse yield responses to growing conditions such as drought, pest infestation, or the presence of a specific disease.

Keywords: Production; Economics (search for similar items in EconPapers)
Pages: 26
Date: 2009-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://ageconsearch.umn.edu/record/45648/files/SAEA%20RICE%20PAPER%202009a.pdf (application/pdf)

Related works:
Journal Article: Enhancing Farm Profitability through Portfolio Analysis: The Case of Spatial Rice Variety Selection (2009)
Journal Article: Enhancing Farm Profitability through Portfolio Analysis: The Case of Spatial Rice Variety Selection (2009)
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:saeana:45648

DOI: 10.22004/ag.econ.45648

Access Statistics for this paper

More papers in 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().