Wheat Variety Selection to Maximize Returns and Minimize Risk: An Application of Portfolio Theory
AbstractThis research shows that a portfolio of wheat varieties could enhance profitability and reduce risk over the selection of a single variety for Kansas wheat producers. Many Kansas wheat farmers select varieties solely based on published average yields. This study uses portfolio theory from business investment analysis to find the optimal, yield-maximizing and risk-minimizing combination of wheat varieties in Kansas.
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Bibliographic InfoArticle provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.
Volume (Year): 42 (2010)
Issue (Month): 01 (February)
portfolio theory; wheat variety selection; Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Industrial Organization; Production Economics; Risk and Uncertainty; Q12; Q16;
Find related papers by JEL classification:
- Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
- Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
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- Toth, Marian & Lancaric, Drahoslav & Piterkova, Andrea & Savov, Radovan & Rabek, Tomas, 2014. "Measuring Systematic Risk Of Unquoted Agricultural Farms," Acta Oeconomica et Informatica, Faculty of Economics and Management, Slovak Agricultural University in Nitra (FEM SPU);Association of Agricultural Economists in Slovakia (APES), vol. 17(1).
- Park, Seong Cheol & Cho, Jaesung & Bevers, Stanley J. & Amosson, Stephen H. & Rudd, Jackie C., 2012. "Dryland Wheat variety selection in the Texas High Plain," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119658, Southern Agricultural Economics Association.
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