IDEAS home Printed from https://ideas.repec.org/p/ags/ualbpr/232397.html
   My bibliography  Save this paper

A Comparison of Risk Between Continuous and Fallow Cropping Regimes

Author

Listed:
  • Bauer, Leonard
  • Jeffrey, Scott R.
  • Orlick, Charles C.

Abstract

The focus of this study is to examine the risk and return trade-offs for various crop rotations and tillage systems. The geographic area represented in this study will be that contained within four soil, and five climatic zones with in the Province of Alberta. The predominant crops grown in these areas (i.e. spring wheat, barley, and canola) were used to derive cost estimates that reflect agronomic processes. The results obtained frome ach of these areas indicate that several generalizations can be made about the interactions of crop rotations, tillage system and farm size. Firstly, the size of predicted net revenue increases and the probability of generating a negative net revenue decreases as one moves north from the Brown soil zone into the Dark Brown and Black soils. Secondly, as one moves from the Brown soil zone through the Black soil zone, less significance can be placed on fallow crop rotations. Lastly, at the current price of the fallow herbicides, conventional tillage systems have a cost advantage over the alternatives tested here.

Suggested Citation

  • Bauer, Leonard & Jeffrey, Scott R. & Orlick, Charles C., 1995. "A Comparison of Risk Between Continuous and Fallow Cropping Regimes," Project Report Series 232397, University of Alberta, Department of Resource Economics and Environmental Sociology.
    • Handle: RePEc:ags:ualbpr:232397
    DOI: 10.22004/ag.econ.232397
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/232397/files/ualberta-projectreports-95-08.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.232397?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. John M. Antle, 1983. "Incorporating Risk in Production Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 1099-1106.
    2. Wesley D. Seitz & Earl R. Swanson, 1980. "Economics of Soil Conservation from the Farmer's Perspective," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(5), pages 1084-1088.
    3. B. Wade Brorsen & Jean-Paul Chavas & Warren R. Grant, 1987. "A Market Equilibrium Analysis of the Impact of Risk on the U.S. Rice Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(4), pages 733-739.
    4. Young, Douglas L., 1979. "Risk Preferences Of Agricultural Producers: Their Use In Extension And Research," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278203, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Seitz, Wesley D. & Swanson, Earl R., 1980. "Economics Of Soil Conservation From The Farmer'S Perspective," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278471, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Antle, John M., 1983. "Incorporating Risk In Production Analysis," 1983 Annual Meeting, July 31-August 3, West Lafayette, Indiana 279106, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Douglas L. Young, 1979. "Risk Preferences of Agricultural Producers: Their Use in Extension and Research," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 1063-1070.
    8. Bauer, Leonard & McEvoy, Michael J., 1990. "An Economic Evaluation of Tillage Systems on Dark Brown Soils in Alberta," Project Report Series 232085, University of Alberta, Department of Resource Economics and Environmental Sociology.
    9. Seitz, Wesley D. & Swanson, Earl R., 1980. "Economics of Soil Conservation From the Farmer's Perspective," Illinois Agricultural Economics Staff Paper 243899, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics.
    10. Rulon D. Pope & Richard E. Just, 1991. "On Testing the Structure of Risk Preferences in Agricultural Supply Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 743-748.
    11. Lerohl, M.L. & Anderson, M.S. & Robertson, J.A., 1990. "Soil Erosion Implications of Selected Agricultural Programs," Project Report Series 232117, University of Alberta, Department of Resource Economics and Environmental Sociology.
    12. Zentner, R. P. & Sonntag, B. H. & Lee, G. E., 1978. "Simulation model for dryland crop production in the canadian prairies," Agricultural Systems, Elsevier, vol. 3(4), pages 241-251, October.
    13. Bauer, Leonard & Novak, Frank & Armstrong, Glen & Staples, Blaine, 1992. "An Economic Analysis of Alternative Cropping Decisions Under Uncertainty," Project Report Series 232323, University of Alberta, Department of Resource Economics and Environmental Sociology.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bauer, Leonard & Jeffrey, Scot R. & Orlick, Charles C., 1995. "A Comparison of Risk Between Continuous and Fallow Cropping Regimes," Project Report Series 206942, University of Alberta, Department of Resource Economics and Environmental Sociology.
    2. Kerestes, Daniel E. & Easter, K. William, 1981. "A Review And An Annotated Bibliography Of Studies Of Soil Conservation Programs, Practices And Strategies," Staff Papers 13988, University of Minnesota, Department of Applied Economics.
    3. Messina, C. D. & Hansen, J. W. & Hall, A. J., 1999. "Land allocation conditioned on El Nino-Southern Oscillation phases in the Pampas of Argentina," Agricultural Systems, Elsevier, vol. 60(3), pages 197-212, June.
    4. Gomez-Limon, Jose A. & Arriaza, Manuel & Riesgo, Laura, 2003. "An MCDM analysis of agricultural risk aversion," European Journal of Operational Research, Elsevier, vol. 151(3), pages 569-585, December.
    5. Ahearn, Mary Clare & Collender, Robert N. & Diao, Xinshen & Harrington, David H. & Hoppe, Robert A. & Korb, Penelope J. & Makki, Shiva S. & Morehart, Mitchell J. & Roberts, Michael J. & Roe, Terry L. , 2004. "Decoupled Payments In A Changing Policy Setting," Agricultural Economic Reports 33981, United States Department of Agriculture, Economic Research Service.
    6. Smathers, Webb M. Jr., 1981. "Farmers Attitudes And Omitted Factors In Nonpoint Pollution Policy?," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279286, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Eaton, Derek J.F., 1996. "The Economics of Soil Erosion: A Model of Farm Decision-Making," Discussion Papers 24134, International Institute for Environment and Development, Environmental Economics Programme.
    8. Schoney, R. A., 1990. "An Analysis of Wheat Supply Response Under Risk and Uncertainty," Working Papers 244030, Agriculture and Agri-Food Canada.
    9. David J. Pannell, 1991. "Pests and pesticides, risk and risk aversion," Agricultural Economics, International Association of Agricultural Economists, vol. 5(4), pages 361-383, August.
    10. Rasmussen, Svend, 2003. "Criteria for optimal production under uncertainty. The state-contingent approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 47(4), pages 1-30.
    11. Loïc Levi & Laure Latruffe & Aude Ridier, 2019. "Farm performance and investment decisions: evidence from the French (Brittany) dairy sector," Working Papers SMART 19-01, INRAE UMR SMART.
    12. Erasmus, Barend & van Jaarsveld, Albert & van Zyl, Johan & Vink, Nick, 2000. "The effects of climate change on the farm sector in the Western Cape," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 39(4), pages 1-15, December.
    13. Mitchell, Paul David, 1999. "The theory and practice of green insurance: insurance to encourage the adoption of corn rootworm IPM," ISU General Staff Papers 1999010108000013154, Iowa State University, Department of Economics.
    14. Wall, Charles A. & Fisher, Brian S., 1988. "Supply Response and the Theory of Production and Profit Functions," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 56(03), pages 1-22, December.
    15. Christensen, Lee A. & Miranowski, John A., 1982. "PERCEPTIONS, ATTITUDES AND RISK: Overlooked Variables in Formulating Public Policy on Soil Conservation and Water Quality," 1982 Annual Meeting, August 1-4, Logan, Utah 279212, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    16. Babcock, Bruce A. & Shogren, Jason F., 1995. "The cost of agricultural production risk," Agricultural Economics, Blackwell, vol. 12(2), pages 141-150, August.
    17. André, Francisco J. & Herrero, Inés & Riesgo, Laura, 2010. "A modified DEA model to estimate the importance of objectives with an application to agricultural economics," Omega, Elsevier, vol. 38(5), pages 371-382, October.
    18. van Zyl, J. & Groenewald, J. A., 1986. "A Comparison Of Certain Decision-Making Techniques Under Risk - An Empirical Investigation Of Maize Cultivar Selection," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 25(1), February.
    19. D. J. Pannell, 1990. "Responses To Risk In Weed Control Decisions Under Expected Profit Maximisation," Journal of Agricultural Economics, Wiley Blackwell, vol. 41(3), pages 391-401, September.
    20. Marra, Michele C. & Carlson, Gerald A., 1985. "Models Of Technology Adoption Under Risk: Some Preliminary Results," Regional Research Projects > 1985: S-180 Annual Meeting, March 24-27, 1985, Charleston, South Carolina 271808, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ualbpr:232397. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/drualca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.