IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

An Analysis Of The Yield-Price Risk Associated With Specialty Crops

  • Weisensel, Ward P.
  • Schoney, Richard A.
Registered author(s):

    Specialty crops have been cited as means to diversify crop portfolios on the prairies. Lentils, a specialty crop, have high variability in yields and prices but are relatively uncorrelated with the yields and prices of other traditional Saskatchewan crops. In addition, yields and prices of lentils may be negatively correlated. These attributes have important but offsetting effects in crop portfolio selection. The objective of this article is to assess the relative profitability and riskiness of wheat and lentil rotations for a representative Saskatchewan farm and to select appropriate farmers who should consider production of lentils. The cumulative density function of net returns are simulated for both rotations assuming stochastic prices and yields. Stochastic dominance with respect to a function is used to identify the corresponding appropriate profile of agricultural producers for each crop rotation. The results indicate that lentils should be considered by a number of, but not all, Saskatchewan farmers.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://purl.umn.edu/32356
    Download Restriction: no

    Article provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.

    Volume (Year): 14 (1989)
    Issue (Month): 02 (December)
    Pages:

    as
    in new window

    Handle: RePEc:ags:wjagec:32356
    Contact details of provider: Web page: http://waeaonline.org/

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ags:wjagec:32356. 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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.