Agricultural economists have for many decades concerned ourselves with gaining an understanding of individual behavior when confronted with risk, and developing tools to address decision-making under risk. This area of research has recently gained renewed attention for a variety of reasons. This...

Changes in the risk environment and tools available to manage risk have resulted in an increased need for risk management skills among farmers and ranchers. In response the USDA initiated a risk management education competitive grants program in the spring of 1998. This is the first report from...

This study investigates the potential for alternative multi-crop revenue insurance designs in comparison to single crop yield and revenue insurance designs. A non-parametric multi-crop insurance model is developed which subsumes the single crop designs. The results compare alternative designs in...

Federal policy-makers increasingly emphasize the Federal Crop Insurance Program as the primary federal risk management program for farmers. Farm leaders need to understand the underlying mechanics of insurance products if they are to effectively argue their interests and contribute...

An analysis of a 1999 sample of 13 no-till producers indicates that over a reasonable range of cotton lint prices, ultra narrow cotton production may result in larger net returns per acre than conventional production practices. The largest percentage cost reduction is in fixed expenses. In...

The advent of genetically altered seed has had a revolutionary effect on the cotton, soybean, and corn seed industries. The basic premise for the use of these seed are to reduce costs through lower applications of chemicals and savings on trips through the field, thus, lowering production costs....

Precision application technology has been an important topic in agriculture in recent years. This technology has the promise to improve farm management through improved information and control over in-field variability of soil characteristics and productivity. Despite this apparent promise,...

According to conventional wisdom, low prices favor skip-row planting patterns while high prices favor solid planted cotton. Production costs have been trending upward for many years. Current high production costs have redefined the point at which a low price becomes a high price relative to...

Cotton production systems based on wider equipment are more efficient (cost less per acre). They improve net returns if yield can be maintained or the value of the yield reduction (which may or may not occur depending upon planting pattern and soil type) is less than the reduction in cost of...

An analysis of a 1999 sample of ten no-till producers indicates that over a reasonable range of cotton lint prices, no-till cotton production may result in larger net returns per acre than conventional tillage. However, the authors caution that additional analysis based on a larger sample of...