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Relative riskiness of fixed vs. flexible crop rotations in the dryland cropping region of Western Canada

Author

Listed:
  • W. P. Weisensel

    (Department of Agricultural Economics, University of Saskatchewan)

  • G. C. Van Kooten

    (Departments of Agricultural Economics and Forest Resources Management at the University of British Columbia)

  • R. A. Schoney

    (Department of Agricultural Economics, University of Saskatchewan)

Abstract

Monte Carlo simulation is used to compare the expected net returns and relative riskiness of alternative cropping strategies in Saskatchewan. The strategies include traditional fixed rotations and flexible ones that have been recommended by researchers. Three important conclusions follow. (a) Flexcropping based on available soil moisture at seeding time is the most profitable cropping strategy. (b) However, the value of measuring spring soil moisture depends crucially on the level of confidence the decision maker has in these measurements. (c) Finally, simple flexcrop strategies based on a break-even formula are an effective extension tool, perhaps more so than those found using dynamic optimization.

Suggested Citation

  • W. P. Weisensel & G. C. Van Kooten & R. A. Schoney, 1991. "Relative riskiness of fixed vs. flexible crop rotations in the dryland cropping region of Western Canada," Agribusiness, John Wiley & Sons, Ltd., vol. 7(6), pages 551-562.
    • Handle: RePEc:wly:agribz:v:7:y:1991:i:6:p:551-562
    DOI: 10.1002/1520-6297(199111)7:6<551::AID-AGR2720070605>3.0.CO;2-A
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    References listed on IDEAS

    as
    1. R. P. Zentner & C. A. Campbell & D. W. L. Read & C. H. Anderson, 1984. "An Economic Evaluation of Crop Rotations in Southwestern Saskatchewan," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 32(1), pages 37-54, March.
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    Cited by:

    1. Peck, Dannele E. & Adams, Richard M., 2010. "Farm-level impacts of prolonged drought: is a multiyear event more than the sum of its parts?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(1), pages 1-18.
    2. Unterschultz, James R. & Jeffrey, Scott R. & Quagrainie, Kwamena K., 2000. "Value-Adding 20 Billion By 2005: Impact At The Alberta Farm Gate," Project Report Series 24049, University of Alberta, Department of Resource Economics and Environmental Sociology.
    3. Saseendran, S.A. & Nielsen, D.C. & Ahuja, L.R. & Ma, L. & Lyon, D.J., 2013. "Simulated yield and profitability of five potential crops for intensifying the dryland wheat-fallow production system," Agricultural Water Management, Elsevier, vol. 116(C), pages 175-192.
    4. Peck, Dannele E. & Adams, Richard M., 2007. "The persistence of drought impacts across growing seasons: a dynamic stochastic analysis," 101st Seminar, July 5-6, 2007, Berlin Germany 9253, European Association of Agricultural Economists.
    5. Dannele E. Peck & Richard M. Adams, 2010. "Farm-level impacts of prolonged drought: is a multiyear event more than the sum of its parts?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(1), pages 43-60, January.

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    2. Weisensel, Ward & Schoney, R.A. & Van Kooten, G.C., 1989. "The Relative Riskiness of Fixed Versus Flexible Crop Rotations in the Brown Soil Zone of Southwestern Saskatchewan," WAEA/ WFEA Conference Archive (1929-1995) 244981, Western Agricultural Economics Association.
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