Impact Of Risk Preferences On Crop Rotation Choice
Stochastic dominance analysis of five crop rotations using twenty-one years of experimental yield data returned results consistent with Pennsylvania cropping practices. The analysis incorporated yield risk, output price risk, and rotational yield effects. A rotation of two years corn and three years alfalfa hay dominated for approximately risk neutral and risk averse preferences, as did participation in government programs under the 1990 Farm Bill. Crop rotation selection appeared to impact net revenues more than the decision to participate in government programs.
Volume (Year): 26 (1997)
Issue (Month): 1 (April)
|Contact details of provider:|| Web page: http://www.narea.org/|
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
- Love, Ross O. & Robison, Lindon J., 1984.
"An Empirical Analysis Of The Intertemporal Stability Of Risk Preference,"
Southern Journal of Agricultural Economics,
Southern Agricultural Economics Association, vol. 16(01), July.
- Love, Ross O. & Robison, Lindon J., 1982. "An Empirical Analysis of the Intertemporal Stability of Risk Preferences," Staff Papers 200660, Michigan State University, Department of Agricultural, Food, and Resource Economics.
- John S. Hammond, III, 1974. "Simplifying the Choice between Uncertain Prospects Where Preference is Nonlinear," Management Science, INFORMS, vol. 20(7), pages 1047-1072, March.
- Wilson, Paul N. & Eidman, Vernon R., 1983. "An Empirical Test Of The Interval Approach For Estimating Risk Preferences," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(02), December.
- McCarl, Bruce A., 1990.
"Generalized Stochastic Dominance: An Empirical Examination,"
Southern Journal of Agricultural Economics,
Southern Agricultural Economics Association, vol. 22(02), December.
- McCarl, Bruce A., 1990. "Generalized Stochastic Dominance: An Empirical Examination," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(02), pages 49-55, December.
- Novak, James L. & Mitchell, Charles C., Jr. & Crews, Jerry R., 1990. "Risk And Sustainable Agriculture: A Target-Motad Analysis Of The 92-Year "Old Rotation"," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(01), July.
- Jeffery R. Williams & Gordon L. Carriker & G. Art Barnaby & Jayson K. Harper, 1993. "Crop Insurance and Disaster Assistance Designs for Wheat and Grain Sorghum," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(2), pages 435-447.
- Love, Ross O. & Robison, Lindon J., 1984. "An Empirical Analysis of the Intertemporal Stability of Risk Preference," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 16(01), pages 159-166, July.
When requesting a correction, please mention this item's handle: RePEc:ags:arerjl:31363. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.