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An Economic Risk Analysis of No-till Management for the Rice-Soybean Rotation System used in Arkansas AgEcon
Hristovska, Tatjana; Watkins, K. Bradley; Anders, Merle M..
Arkansas is the top domestic rice producer, representing nearly half of total U.S. rice production. Sediment is one of the major pollutants in rice producing areas of Arkansas. In order to mitigate this problem no-tillage management is often recommended. No-tillage is not well understood by farmers who believe that no-till is less profitable due to lower yields offsetting cost savings. This study evaluates the profitability and variability of no-till in the typical rice-soybean rotation used in Arkansas rice production. Crop yields, prices and prices for key production inputs (fuel and fertilizer) are simulated for the rotation, and net return distributions for rice, soybean and the two-year rotation are evaluated for no-till and conventional till using...
Tipo: Presentation Palavras-chave: Simulation; Rice-soybean; No tillage-profitability; Risk analysis; Environmental Economics and Policy; Farm Management; Resource /Energy Economics and Policy.
Ano: 2012 URL: http://purl.umn.edu/119676
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Measuring the Stochastic Monetary Benefits of Multiple Inlet Irrigation in Arkansas Rice Production AgEcon
Watkins, K. Bradley; Hristovska, Tatjana; Anders, Merle M..
Irrigation fuel costs represent a significant portion of rice production expenses. Multiple inlet (MI) irrigation represents a water saving alternative to conventional flood irrigation. This study uses simulation to calculate the range of monetary benefits to MI in rice production. Water savings from MI relative to conventional flood irrigation along with rice yields, rice prices, and prices for key production inputs (diesel and fertilizer) are simulated, and stochastic rice net returns above variable and fixed expenses are calculated for different pump lifts with and without MI. Monetary benefits to MI are measured as the difference in net returns with and without MI. The results indicate MI monetary benefits depend greatly on pump lift and the presence...
Tipo: Presentation Palavras-chave: Cost; Cumulative distribution functions; Multiple inlet irrigation; Net return; Rice; Stochastic; Farm Management.
Ano: 2012 URL: http://purl.umn.edu/119655
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