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Certainty Equivalent Farm Returns from Bt and Non-Bt Cotton


  • Banerjee, Swagata (Ban)
  • Martin, Steven W.


Annual mean returns and certainty equivalent returns for 1983-2003 were calculated for specified non-Bt cotton (refuge) percentages for a cotton farm of average size in the Mississippi Delta. Certainty equivalents indicate sprays influence mean profits more than the percentage of refuge in a cotton producer's portfolio. This supports an earlier study where returns calculated from both observed and simulated yields indicated, for any given refuge percentage, mean returns were higher with less risk when insecticides were sprayed compared to no insecticide sprays.

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  • Banerjee, Swagata (Ban) & Martin, Steven W., 2006. "Certainty Equivalent Farm Returns from Bt and Non-Bt Cotton," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35383, Southern Agricultural Economics Association.
  • Handle: RePEc:ags:saeaso:35383

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    References listed on IDEAS

    1. Miller, J. Corey & Barnett, Barry J. & Coble, Keith H., 2003. "Analyzing Producer Preferences for Counter-Cyclical Government Payments," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 0(Number 3), pages 1-14, December.
    2. Terrance M. Hurley & Paul D. Mitchell & Marlin E. Rice, 2004. "Risk and the Value of Bt Corn," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(2), pages 345-358.
    3. Martin, Steven W. & Barnett, Barry J. & Coble, Keith H., 2001. "Developing And Pricing Precipitation Insurance," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 0(Number 1), pages 1-14, July.
    4. repec:ags:joaaec:v:35:y:2003:i:3:p:671-684 is not listed on IDEAS
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    Farm Management;


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