Risk-Efficient Irrigation Strategies for Wheat

Agricultural production is risky. When farmers are risk-averse, they are likely to put a premium on production methods that reduce perceived risks. Irrigation is generally believed to be a riskreducing input. By using the concept of stochastic dominance, risk-efficient irrigation policies for wheat grown in central India are identified and quantitative estimates of benefits due to risk reduction are obtained. Such benefits were found to be of a large order of magnitude. The more common methods such as mean variance analysis tended to over-estimate the benefits.


Issue Date:
1990-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/172463
Published in:
Agricultural Economics: The Journal of the International Association of Agricultural Economists, Volume 04, Issue 1
Page range:
59-71
Total Pages:
14




 Record created 2017-04-01, last modified 2017-08-20

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