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On Monoculture and the Structure of Crop Rotations

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Author Info
David A. Hennessy () (Center for Agricultural and Rural Development (CARD))

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Abstract

While rotation strategies are important in determining agricultural commodity supply and environmental benefits from land use, little has been said about the economics of crop rotation. An issue when seeking to identify rotation dominance is whether yield and input-saving carry-over effects persist for one or more years. Focusing on length of carry-over, expected profit maximization, and the monoculture decision, this paper develops principles concerning choice of rotation structure. For some rules that we develop, rotations may be discarded without reference to price levels while other rules require price data. We also show how risk aversion in the presence of price uncertainty can alter preferences over rotations. A further consideration in rotation choice is the allocation of time. The problem of crop choice to manage time commitments through the crop year is formally similar to that of crop choice to manage profit risk.

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Publisher Info
Paper provided by Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number 04-wp369.

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Date of creation: Aug 2004
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Handle: RePEc:ias:cpaper:04-wp369

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Related research
Keywords: dominance; jointness; quasiconvexity; rotation algebra; specialization; time rationing.;

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Find related papers by JEL classification:
D2 - Microeconomics - - Production and Organizations
Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

References listed on IDEAS
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  1. Timmer, C Peter, 1969. "The Turnip, the New Husbandry, and the English Agricultural Revolution," The Quarterly Journal of Economics, MIT Press, vol. 83(3), pages 375-95, August. [Downloadable!] (restricted)
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  4. JunJie Wu & Richard M. Adams & Catherine L. Kling & Katsuya Tanaka, 2004. "From Microlevel Decisions to Landscape Changes: An Assessment of Agricultural Conservation Policies," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 86(1), pages 26-41, 02. [Downloadable!] (restricted)
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  5. Whatley, Warren C., 1987. "Southern Agrarian Labor Contracts as Impediments to Cotton Mechanization," The Journal of Economic History, Cambridge University Press, vol. 47(01), pages 45-70, March. [Downloadable!]
  6. Kenneth L. Sokoloff & David Dollar, 1991. "Agricultural Seasonality and the Organization of Manufacturing During Early Industrialization: The Contrast Between Britain and the United States," NBER Historical Working Papers 0030, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  7. Froot, Kenneth A & Scharfstein, David S & Stein, Jeremy C, 1993. " Risk Management: Coordinating Corporate Investment and Financing Policies," Journal of Finance, American Finance Association, vol. 48(5), pages 1629-58, December. [Downloadable!] (restricted)
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  8. Rhode, Paul W., 1995. "Learning, Capital Accumulation, and the Transformation of California Agriculture," The Journal of Economic History, Cambridge University Press, vol. 55(04), pages 773-800, December. [Downloadable!]
  9. Alban Thomas, 2003. "A dynamic model of on-farm integrated nitrogen management," European Review of Agricultural Economics, Oxford University Press for the Foundation for the European Review of Agricultural Economics, vol. 30(4), pages 439-460, December.
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  1. Feng, Hongli & Rubin, Ofir & Babcock, Bruce A., 2008. "Greenhouse Gas Impacts of Ethanol from Iowa Corn: Life Cycle Analysis versus System-wide Accounting," Staff General Research Papers 12871, Iowa State University, Department of Economics. [Downloadable!]
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  2. Livingston, Michael & Roberts, Michael J. & Rust, John, 2008. "Optimal Corn and Soybean Rotations," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6213, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  3. Feng, Hongli & Babcock, Bruce A., 2008. "Impacts of Ethanol on Planted Acreage in Market Equilibrium," Staff General Research Papers 12959, Iowa State University, Department of Economics. [Downloadable!]
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