Replaced with revised version of paper 02/15/06.

Replaced with revised version of paper 08/31/06.

This paper examines the role of risk aversion in setting herbicide label rates and application rates. Companies establish label rates to be efficacious for a wide range of conditions. The use of reduced rates of herbicide offer the opportunity to increase farm profit and reduce herbicide use, an...

The cotton harvesting industry is in the beginnings of its next technological advance, cotton harvesters that form cotton modules inside the machine then deposit them off the rows. These new machines eliminate the need for extra labor and equipment, but are more expensive than conventional...

Simulation of production budgets were used to compare net discounted returns and the distribution of returns under alternative risk-mitigation scenarios. Results indicate that the combination of freeze protection and crop insurance increases expected net discounted 20-year returns while...

Yield correlations between 380 different counties are calculated for non-irrigated wheat. Using this data, a function is estimated that shows the relationship between correlation and changes in geographic and climate data. In addition movement variables are included added to the specification to...

Agriculture production in the Texas High Plains is highly dependent on climate especially with the decline in water levels in the Ogallala Aquifer. There is increasing pressure on the Ogallala Aquifer as a result of an increase in population and expansion of agricultural production. The decline...

This study used experimental data from West Lafayette, Indiana to examine the economic benefits of applying fungicide to corn. The average improvements in yield, gross revenue, and net return (gross revenue minus fungicide and application cost) were 4 bushels per acre, $19 per acre, and -$9 per...

This study seeks to determine the workings of a system of acreage allocation given price and yield uncertainty so as to identify the role that uncertainty in market output has in acreage allocation decisions.