Microeconomic Effects Of Reduced Yield Variability Cultivars Of Soybeans And Wheat
Economic analysis was conducted on hypothetical agronomic research on new crop cultivars for Arkansas dryland soybean and wheat producers. In relation to farmersÂ’ attitudes toward risk, the microeconomic effects and level of adoption of yield variability reducing cultivars were analyzed utilizing a production management decision-making model formulated with mathematical programming techniques. The study indicated that negative covariance between crops continues to be an effective means of reducing production risk associated with yield variability. However, under varying circumstances, agronomic research on the breeding of new soybean and wheat cultivars with reduced yield variability is worthwhile if there is only slight concurrent reduction in expected yields.
Volume (Year): 24 (1992)
Issue (Month): 01 (July)
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- Bruce A. McCarl & David A. Bessler, 1989.
"Estimating An Upper Bound On The Pratt Risk A Version Coefficient When The Utility Function Is Unknown,"
Australian Journal of Agricultural and Resource Economics,
Australian Agricultural and Resource Economics Society, vol. 33(1), pages 56-63, 04.
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- Martinez, Stephen W. & Norton, George W., 1986. "Evaluating Privately Funded Public Research: An Example With Poultry And Eggs," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(01), July.
- Lars Brink & Bruce McCarl, 1978. "The Tradeoff between Expected Return and Risk Among Cornbelt Farmers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(2), pages 259-263.
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