Wheat Variety Selection: An Application of Portfolio Theory to Improve Returns
This presentation will report results of research that shows that a portfolio of wheat varieties can enhance profitability and reduce risk over the selection of a single variety. Many Kansas wheat farmers select varieties based on average yield. This study uses portfolio theory from business investment analysis to find the optimal, profit-maximizing and risk-minimizing combination of wheat varieties in Kansas.
|Date of creation:||2008|
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Web page: http://www.farmdoc.uiuc.edu/nccc134/
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- Andrew P. Barkley & Lori L. Porter, 1996. "The Determinants of Wheat Variety Selection in Kansas, 1974 to 1993," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(1), pages 202-211.
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