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Economically Feasible Crop Production Alternatives to Peanuts in Southwestern Oklahoma

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  • Devkota, Shankar
  • Holcomb, Rodney B.
  • Taylor, Merritt J.
  • Epplin, Francis M.
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    Abstract

    Changes in the U.S. peanut program have resulted in drastically decreased planted acres and forced many peanut producers in the Southwest to consider alternative crops. This study examined the economic risk associated with producing peanuts and common alternatives to peanuts. Seedless watermelon is an alternative for risk preferring farmers whereas, irrigated peanut is the best choice for risk averse farmers.

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    File URL: http://purl.umn.edu/35377
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    Bibliographic Info

    Paper provided by Southern Agricultural Economics Association in its series 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida with number 35377.

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    Date of creation: 2006
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    Handle: RePEc:ags:saeaso:35377

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    Keywords: Crop Production/Industries;

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    1. McCarl, Bruce A., 1988. "Preference Among Risky Prospects Under Constant Risk Aversion," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(02), December.
    2. Chvosta, Jan & Rucker, Randal R. & Thurman, Walter N., 2001. "Peanut Quota Markets And Peanut Production After Fair," 2001 Annual meeting, August 5-8, Chicago, IL 20557, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Borges, Robert B., 1995. "Trade And The Political Economy Of Agricultural Policy: The Case Of The United States Peanut Program," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(02), December.
    4. Pease, James W. & Lehman, John & Orden, David, 2001. "Proposed End Of Peanut Quota Program: Economic Effects On Virginia Producers," Report Papers 14845, Virginia Tech, Rural Economic Analysis Program (REAP).
    5. Rucker, Randal R & Thurman, Walter N, 1990. "The Economic Effects of Supply Controls: The Simple Analytics of the U.S. Peanut Program," Journal of Law and Economics, University of Chicago Press, vol. 33(2), pages 483-515, October.
    6. Thurman, Walter N. & Chvosta, Jan & Brown, Blake A. & Rucker, Randal R., 2003. "The End Of Supply Controls: The Economic Effects Of Recent Change In Federal Peanut Policy," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35041, Southern Agricultural Economics Association.
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