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Risk Efficiency Of Alternate Canola Management Decisions

Author

Listed:
  • Upadhyay, Bharat Mani
  • Smith, Elwin G.
  • Clayton, George
  • Harker, Neil

Abstract

This study evaluates profitability and risk associated with eighteen different management decisions for canola production in Alberta. Expected payoff from cultivar selection outweighs the payoff from time of seeding and from time of weed control. Expected payoff was higher from hybrid compared to inbred cultivars. Early spring seeding was more profitable than fall or mid-May seeding. A typical decision in the sample showed positive and significant upper limit risk-expected return tradeoffs. The generalized stochastic dominance analysis revealed that early spring seeding was dominant over fall and mid-May seeding across all risk averse and risk neutral farmers. Weed control at the six-leaf stage was risk efficient for a risk averter. A risk neutral farmer preferred weed control at the three to four-leaf stage or six-leaf stage, depending on cultivar.

Suggested Citation

  • Upadhyay, Bharat Mani & Smith, Elwin G. & Clayton, George & Harker, Neil, 2004. "Risk Efficiency Of Alternate Canola Management Decisions," Annual Meeting, 2004, June 20-23, Halifax, Nova Scotia 34193, Canadian Agricultural Economics Society.
    • Handle: RePEc:ags:caes04:34193
    DOI: 10.22004/ag.econ.34193
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    References listed on IDEAS

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    Keywords

    Risk and Uncertainty;

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