RISK-RETURN ANALYSIS OF INCORPORATING ANNUAL LEGUMES AND LAMB GRAZING WITH DRYLAND CROP ROTATIONS

Larry J. Held, Andrew A. Haag, James M. Krall, Ronald H. Delaney and Stephen D. Miller

No 36532, 2002 Annual Meeting, July 28-31, 2002, Long Beach, California from Western Agricultural Economics Association

Abstract: Profitability and risk, 1988-2001, are examined for lamb-grazed field pea as a fallow alternative with wheat, or an extended wheat-sunflower-millet rotation. Switching from conventional wheat-fallow to an extended rotation with grazed-peas increases profitability (2.3% to 7.3%), and reduces risk (below 0% target in only 2 versus 7 of 14 years).

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 20
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waealb:36532

DOI: 10.22004/ag.econ.36532

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