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Abstract
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.