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An Economic Analysis of Soybean Integrated Pest Management

Author

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  • Catherine R. Greene
  • Randall A. Kramer
  • George W. Norton
  • Edwin G. Rajotte
  • McPherson Robert M.

Abstract

The type ofpest management strategy a farmer chooses is influenced by the amount of risk associated with alternative strategies. This paper examines the attractiveness of alternative pest management strategies used on a representative Virginia soybean farm. Probability distfibutions of net revenue associated with alternative pest control options are simulated and then compared using generalized stochastic dominance criteria. Results suggest risk-averse and, in some cases, risk-preferring farmers would prefer strategies which incorporate an integrated pest management approach to pest control rather than one which relies completely on chemical pest control.

Suggested Citation

  • Catherine R. Greene & Randall A. Kramer & George W. Norton & Edwin G. Rajotte & McPherson Robert M., 1985. "An Economic Analysis of Soybean Integrated Pest Management," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 567-572.
    • Handle: RePEc:oup:ajagec:v:67:y:1985:i:3:p:567-572.
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    Citations

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    Cited by:

    1. Liu, Yangxuan & Langemeier, Michael & Small, Ian & Joseph, Laura & Fry, William & Ristaino, Jean & Saville, Amanda, 2017. "A Risk Analysis of precision farming for tomato production," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 253119, Southern Agricultural Economics Association.
    2. Fernandez-Cornejo, Jorge & Beach, E. Douglas & Huang, Wen-Yuan, 1992. "The Influence of Grower Attributes on the Adoption of IPM Techniques in Vegetable Production in Three States," WAEA/ WFEA Conference Archive (1929-1995) 321393, Western Agricultural Economics Association.
    3. Wu, JunJie, 2001. "Optimal weed control under static and dynamic decision rules," Agricultural Economics, Blackwell, vol. 25(1), pages 119-130, June.
    4. Pannell, David J., 1988. "Weed Management: A Review of Applied Economics Research in Australia," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 56(03), pages 1-15, December.
    5. George W. Norton, 2020. "Lessons from a Career in Agricultural Development and Research Evaluation," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(2), pages 151-167, June.
    6. J. Pannell, David, 1991. "Pests and pesticides, risk and risk aversion," Agricultural Economics, Blackwell, vol. 5(4), pages 361-383, August.
    7. 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.
    8. 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.
    9. Becker, N., 1999. "A comparative analysis of water price support versus drought compensation scheme," Agricultural Economics, Blackwell, vol. 21(1), pages 81-92, August.
    10. Fernandez-Cornejo, Jorge, 1996. "The Microeconomic Impact Of Ipm Adoption: Theory And Application," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 25(2), pages 1-12, October.
    11. Osteen, Craig D. & Szmedra, Philip I., 1989. "Agricultural Pesticide Use Trends and Policy Issues," Agricultural Economic Reports 308081, United States Department of Agriculture, Economic Research Service.
    12. Fernandez-Cornejo, Jorge & Beach, E. Douglas & Huang, Wen-Yuan, 1992. "The Adoption of Integrated Pest Management Technologies by Vegetable Growers," Staff Reports 278683, United States Department of Agriculture, Economic Research Service.
    13. Regev, Uri, 1990. "The Impact of Risk on Pest Management Strategies," 1990 Annual meeting, August 5-8, Vancouver, Canada 270735, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Hrubovcak, James & Vasavada, Utpal & Aldy, Joseph E., 1999. "Green Technologies for a More Sustainable Agriculture," Agricultural Information Bulletins 33721, United States Department of Agriculture, Economic Research Service.
    15. Liu, Yangxuan & Langemeier, Michael & Small, Ian & Joseph, Laura & Fry, William, 2015. "Risk management strategies using potato precision farming technology," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205417, Agricultural and Applied Economics Association.
    16. Fernandez-Cornejo, Jorge & Beach, E. Douglas & Huang, Wen-Yuan, 1994. "The Adoption Of Ipm Techniques By Vegetable Growers In Florida, Michigan And Texas," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(1), pages 1-15, July.
    17. Gotsch, Nikolaus & Regev, Uri, 1996. "Fungicide use under risk in Swiss wheat production," Agricultural Economics, Blackwell, vol. 14(1), pages 1-9, April.

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