AN ECONOMIC RISK ANALYSIS OF WEED-SUPPRESSIVE RICE CULTIVARS IN CONVENTIONAL RICE PRODUCTION

K. BRADLEY WATKINS, DAVID R. GEALY, MERLE M. ANDERS, RANJITSINH U. MANE
2018 Journal of Agricultural and Applied Economics  
AbstractWeed-suppressive rice cultivars have the potential to reduce heavy reliance on synthetic herbicides in rice production. However, the economics of using weed-suppressive rice cultivars in conventional rice systems have not been fully evaluated. This study uses simulation and stochastic efficiency with respect to a function to rank weed-suppressive and weed-nonsuppressive rice cultivars under alternative herbicide intensity levels based on their certainty equivalents mapped across
more » ... pped across increasing levels of absolute risk aversion. The results indicate risk-averse rice producers would prefer to grow weed-suppressive cultivars using less herbicide inputs than what would be used to grow weed-nonsuppressive rice cultivars.
doi:10.1017/aae.2018.9 fatcat:r5kzbn2tcjcfhcyrla3vpu4khq