Risk Analysis of Tillage and Crop Rotation Alternatives with Winter Wheat

The economic feasibility of soybeans, grain sorghum, and corn in annual rotation with winter wheat using reduced tillage and no-tillage systems in the Central Great Plains was evaluated, with continuous wheat and grain sorghum also analyzed. Net returns were calculated using simulated yield and price distributions based on historical yields, two historical annual price series, and 2011 costs. Stochastic Efficiency with Respect to a Function was used to determine the preferred strategies under various risk preferences. The no-till wheat-soybean and reduced-till wheatsoybean systems are the first and second most preferred, regardless of the level of risk aversion.


Editor(s):
Marchant, Mary A.
Bosch, Darrell J.
Issue Date:
2012-11
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/137123
Published in:
Journal of Agricultural and Applied Economics, Volume 44, Number 4
Page range:
561-576
Total Pages:
16
JEL Codes:
Q12; Q15




 Record created 2017-04-01, last modified 2017-08-26

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