| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
An Economic Risk Analysis of Tillage and Cropping Systems on the Arkansas Grand Prairie
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| Autores: |
Hignight, Jeffrey A.
Watkins, K. Bradley
Anders, Merle M.
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| Data: |
2010-01-12
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| Ano: |
2010
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| Palavras-chave: |
Cropping systems
Rice
No-till
Certainty equivalent
Risk premium
Crop Production/Industries
Farm Management
Financial Economics
Land Economics/Use
Production Economics
Risk and Uncertainty
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| Resumo: |
No-till (NT) has been shown to reduce fuel, labor, and machinery costs compared to conventional-till (CT) but very few rice producers in Arkansas practice NT. The low adoption rate is most likely due to difficulties in management but also limited information on the profitability and risk of NT. Most rice producers are knowledgeable on NT costs savings but consider it less profitable due to yield reductions offsetting costs savings. This study evaluates production costs, crop yields, and economic risk of both NT and CT in five rice-based cropping systems (continuous rice, rice-soybean, rice-corn, rice-wheat, and rice-wheat-soybean-wheat). Yields, crop prices, and key input prices are simulated to create net return distributions. Stochastic efficiency with respect to a function (SERF) is used to evaluate profitability and risk efficiency. Results indicate that a risk-neutral and risk-averse producer in either NT or CT would prefer a rice-soybean rotation. NT would be preferred over CT in the rice-soybean rotation across all risk preferences. Overall, risk-neutral producers would prefer NT in four of five cropping systems while risk-averse producers would prefer NT in three of five cropping systems.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/56354
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| Relação: |
Southern Agricultural Economics Association>2010 Annual Meeting, February 6-9, 2010, Orlando, Florida
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| Formato: |
22
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