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Farm Value Of Topsoil In Spring Wheat Production

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  • 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(1), pages 1-14, July.
    • Handle: RePEc:ags:jlaare:30820
    DOI: 10.22004/ag.econ.30820
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    File URL: https://ageconsearch.umn.edu/record/30820/files/18010117.pdf
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. Goh, Siew & Shih, Chao-Chyuan & Cochran, Mark J. & Raskin, Rob, 1989. "A Generalized Stochastic Dominance Program for the IBM PC," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(2), pages 175-182, December.
    4. 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.
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    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(1), pages 1-18, July.

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