IDEAS home Printed from https://ideas.repec.org/a/ags/jlaare/30820.html

Farm Value Of Topsoil In Spring Wheat Production

Author

Listed:
  • Williams, Jeffery R.
  • Tanaka, Donald L.
  • Herbel, Kevin L.

Abstract

Relationships among topsoil removal treatments and additions of nitrogen and phosphorus fertilizer in spring wheat yields are used to determine the effects on net returns and to estimate the marginal value of soil. The results indicate that risk-averse managers are not willing to make an expenditure for controlling erosion from the first 2.5 inches of soil if the erosion rate is 20 tons/acre/year or less and the planning horizon is 20 years or less. These managers would be willing to make an erosion control investment for the second 2.5 inches of soil equivalent to $4.90 to $5.20/acre from the twenty-first to forty-third year in the planning horizon.

Suggested Citation

  • Williams, Jeffery R. & Tanaka, Donald L. & Herbel, Kevin L., 1993. "Farm Value Of Topsoil In Spring Wheat Production," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(01), pages 1-14, July.
    • Handle: RePEc:ags:jlaare:30820
    DOI: 10.22004/ag.econ.30820
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/30820/files/18010117.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.30820?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Goh, Siew & Shih, Chao-Chyuan & Cochran, Mark J. & Raskin, Rob, 1989. "A Generalized Stochastic Dominance Program For The Ibm Pc," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(2), pages 1-8, December.
    2. repec:cup:jagaec:v:21:y:1989:i:02:p:175-182_00 is not listed on IDEAS
    3. David J. Walker, 1982. "A Damage Function to Evaluate Erosion Control Economics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(4), pages 690-698.
    4. Raskin, Rob & Cochran, Mark J., 1986. "Interpretations And Transformations Of Scale For The Pratt-Arrow Absolute Risk Aversion Coefficient: Implications For Generalized Stochastic Dominance," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(2), pages 1-7, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Smith, Elwin G. & Lerohl, Mel L. & Messele, Teklay, 1999. "Optimum Soil Quality Attribute Levels And Values," 1999 Annual Meeting, July 11-14, 1999, Fargo, ND 35697, Western Agricultural Economics Association.
    2. Smith, Elwin G. & Lerohl, Mel L. & Messele, Teklay & Janzen, H. Henry, 2000. "Soil Quality Attribute Time Paths: Optimal Levels And Values," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(01), pages 1-18, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Larson, James A. & Roberts, Roland K. & Tyler, Donald D. & Duck, Bob N. & Slinsky, Stephen P., 1998. "Nitrogen-Fixing Winter Cover Crops and Production Risk: A Case Study for No-Tillage Corn," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 30(1), pages 163-174, July.
    2. Giesler, G. Grant & Paxton, Kenneth W. & Millhollon, E. P., "undated". "A Gsd Estimation Of The Relative Worth Of Cover Crops In Cotton Production Systems," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271255, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Giesler, G. Grant & Paxton, Kenneth W. & Millhollon, E.P., 1993. "A Gsd Estimation Of The Relative Worth Of Cover Crops In Cotton Production Systems," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(01), pages 1-10, July.
    4. Barry, Peter J. & Escalante, Cesar L. & Moss, Leeann E., 2002. "Rental Premiums For Share Versus Cash Leases," 2002 Annual meeting, July 28-31, Long Beach, CA 19684, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Kim, Kwansoo & Barham, Bradford L. & Coxhead, Ian, 2001. "Measuring soil quality dynamics: A role for economists, and implications for economic analysis," Agricultural Economics, Blackwell, vol. 25(1), pages 13-26, June.
    6. Yangxuan Liu & Michael R. Langemeier & Ian M. Small & Laura Joseph & William E. Fry & Jean B. Ristaino & Amanda Saville & Benjamin M. Gramig & Paul V. Preckel, 2018. "A Risk Analysis of Precision Agriculture Technology to Manage Tomato Late Blight," Sustainability, MDPI, vol. 10(9), pages 1-19, August.
    7. Brent A. Gloy & Timothy G. Baker, 2002. "The Importance of Financial Leverage and Risk Aversion in Risk-Management Strategy Selection," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(4), pages 1130-1143.
    8. Quiroga, Sonia & Iglesias, Ana, 2009. "A comparison of the climate risks of cereal, citrus, grapevine and olive production in Spain," Agricultural Systems, Elsevier, vol. 101(1-2), pages 91-100, June.
    9. Jaruntorn Boonyanuphap, 2013. "Cost-benefit analysis of vetiver system-based rehabilitation measures for landslide-damaged mountainous agricultural lands in the lower Northern Thailand," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 69(1), pages 599-629, October.
    10. Cochran, Mark C. & Raskin, Rob, 1987. "Interpretations And Transformations Of Scale For The Pratt-Arrow Absolute Risk Aversion Coefficient: Implications For Generalized Stochastic Dominance: Reply," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 12(2), pages 1-2, December.
    11. Eaton, Derek J.F., 1996. "The Economics of Soil Erosion: A Model of Farm Decision-Making," Discussion Papers 24134, International Institute for Environment and Development, Environmental Economics Programme.
    12. Franco, Juan Agustin & Calatrava-Requena, Javier, 2008. "Adoption and diffusion of no tillage practices in Southern Spain olive groves," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44014, European Association of Agricultural Economists.
    13. Gomez-Limon, Jose Antonio & Riesgo, Laura & Arriaza Balmón, Manuel, 2002. "Agricultural Risk Aversion Revisited: A Multicriteria Decision-Making Approach," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24827, European Association of Agricultural Economists.
    14. Oriade, Caleb Adewale, 1995. "A bioeconomic analysis of site-specific management and delayed planting strategies for weed control," Faculty and Alumni Dissertations 307890, University of Minnesota, Department of Applied Economics.
    15. František Zapletal & Martin Šmíd, 2016. "Mean-risk optimal decision of a steel company under emission control," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 24(2), pages 435-454, June.
    16. Pagoulatos, Angelos & Debertin, David L. & Sjarkowi, Fachrurrozie, 1987. "Soil Erosion and Yield Uncertainty in the Soil Conservation Decision," Agricultural Economics Research Reports 140066, University of Kentucky, Department of Agricultural Economics.
    17. B. Suresh Reddy, 2015. "Soil Health: Issues and Concerns - A Review," Working Papers id:7599, eSocialSciences.
    18. Thompson, Nathanael M. & DeVuyst, Eric A. & Brorsen, B. Wade & Lusk, Jayson L., 2016. "Using Genetic Testing to Improve Fed Cattle Marketing Decisions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(2), May.
    19. Purola, Tuomo & Lehtonen, Heikki, 2020. "Evaluating profitability of soil-renovation investments under crop rotation constraints in Finland," Agricultural Systems, Elsevier, vol. 180(C).
    20. Dilshad Ahmad & Muhammad Afzal & Abdur Rauf, 2019. "Analysis of wheat farmers’ risk perceptions and attitudes: evidence from Punjab, Pakistan," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 95(3), pages 845-861, February.

    More about this item

    Keywords

    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jlaare:30820. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.