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A Risk Analysis of Crop Rotations in Southeast Kansas Including Double-Crop Alternatives

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  • Williams, Jeffery R.
  • Crisostomo, Mario F.
  • Burton, Robert O., Jr.
  • Kelley, Kenneth W.
  • Llewelyn, Richard V.

Abstract

Six rotations, four of which include a sequence of wheat followed immediately after harvest by double-cropped soybeans, are evaluated with the option of participating in the government commodity program. Stochastic dominance analysis is used to evaluate these rotations for net return risk. Analysis indicates that risk-averse managers out of the government commodity program prefer an annual crop rotation of wheat and double-cropped soybeans. Risk-averse managers who feel participation in the government commodity program is an essential risk management tool prefer a three-year rotation of grain sorghum, full-season soybeans, and wheat with double-cropped soybeans.

Suggested Citation

  • Williams, Jeffery R. & Crisostomo, Mario F. & Burton, Robert O., Jr. & Kelley, Kenneth W. & Llewelyn, Richard V., 1989. "A Risk Analysis of Crop Rotations in Southeast Kansas Including Double-Crop Alternatives," Staff Papers 133741, Kansas State University, Department of Agricultural Economics.
    • Handle: RePEc:ags:ksaesp:133741
    DOI: 10.22004/ag.econ.133741
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    References listed on IDEAS

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