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Temporal Frequency of Soil Test Information Effects on Returns to Potassium Fertilization in Cotton Production

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  • Harmon, Xavier
  • Boyer, Christopher N.
  • Lambert, Dayton M.
  • Larson, James

Abstract

Little research exists on the optimal temporal frequency between soil tests, given empirical data on soil potassium (K) carryover and its interaction with cotton yield. We evaluate how increasing the temporal frequency between obtaining K soil test information affects the net present value (NPV) of cotton production. A Monte Carlo simulation was used to determine NPV for cotton production using five soil test schedules ranging from soil testing annually to every fifth year. NPV of returns to K was maximized at $18,749 per hectare when producers updated soil testing information every other year, which was $4 per hectare per year greater than annual soil testing.

Suggested Citation

  • Harmon, Xavier & Boyer, Christopher N. & Lambert, Dayton M. & Larson, James, 2016. "Temporal Frequency of Soil Test Information Effects on Returns to Potassium Fertilization in Cotton Production," 2016 Annual Meeting, February 6-9, 2016, San Antonio, Texas 229600, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea16:229600
    DOI: 10.22004/ag.econ.229600
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    Keywords

    Production Economics;

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

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