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Profit and risk analysis of alternative no-till and conventional tillage crop rotation systems in east central South Dakota

Author

Listed:
  • McMurtry, Bronc
  • Janssen, Dr. Larry
  • Miller, Dr. Michael
  • Osborne, Dr. Shannon

Abstract

This study summarizes key economic results from 10 different no-till (NT) crop rotations and two conventional tillage (CT) corn-soybean rotations based on agronomic data (2001 – 2012) from a long-term crop rotation experiment conducted by the North Central Agricultural Research Laboratory located in Brookings County, which lies in the East-Central region of South Dakota. A 1200 acre model crop farm was constructed for farm management budget and simulation analyses. Results indicate: (1) the CT rotation had the highest average net returns, but higher risk were also involved, (2) several four-crop NT rotations were preferred as producer risk aversion increased, and (3) diversification is a key risk management tool.

Suggested Citation

  • McMurtry, Bronc & Janssen, Dr. Larry & Miller, Dr. Michael & Osborne, Dr. Shannon, 2014. "Profit and risk analysis of alternative no-till and conventional tillage crop rotation systems in east central South Dakota," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169574, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea14:169574
    DOI: 10.22004/ag.econ.169574
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    References listed on IDEAS

    as
    1. Janssen, Larry & Harer, Justin, 2010. "An Economic Analysis of No-Till Rotations and Effects on Carbon Sequestration and Long Term Sustainability of Agriculture," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61176, Agricultural and Applied Economics Association.
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      Keywords

      Farm Management; Production Economics; Risk and Uncertainty;
      All these keywords.

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