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Risk Effects Of Alternative Winter Cover Crop, Tillage, And Nitrogen Fertilization Systems In Cotton Production

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  • Larson, James A.
  • Jaenicke, Edward C.
  • Roberts, Roland K.
  • Tyler, Donald D.

Abstract

A Just-Pope model was developed to assess tillage, nitrogen, weather, and pest effects on risk for cotton grown after alternative winter cover crops. Yield risk for cotton after hairy vetch was less than for cotton with no winter cover when no nitrogen fertilizer was used to supplement the vetch nitrogen. However, because cotton after vetch has a higher production cost, farmers growing conventionally tilled cotton may be slow to adapt because risk-return tradeoffs may be unacceptable under risk neutrality and risk aversion. For risk-averse farmers who have already adopted no tillage, cotton grown after hairy vetch is risk efficient.

Suggested Citation

  • Larson, James A. & Jaenicke, Edward C. & Roberts, Roland K. & Tyler, Donald D., 2001. "Risk Effects Of Alternative Winter Cover Crop, Tillage, And Nitrogen Fertilization Systems In Cotton Production," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(3), pages 1-13, December.
    • Handle: RePEc:ags:joaaec:15458
    DOI: 10.22004/ag.econ.15458
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    References listed on IDEAS

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    1. Richard E. Just & Rulon D. Pope, 1979. "Production Function Estimation and Related Risk Considerations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 276-284.
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    Cited by:

    1. Roberts, Roland K. & Walters, Jeremy T. & Larson, James A. & English, Burton C. & Howard, Donald D., 2004. "Optimal Nitrogen Fertilization Rates in Winter Wheat Production as Affected by Risk, Disease, and Nitrogen Source," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 36(1), pages 199-211, April.
    2. Jaenicke, Edward C. & Larson, James A., 2001. "Production Risk Revisited In A Stochastic Frontier Framework: Evaluating Noise And Inefficiency In Cover Crop Systems," 2001 Annual meeting, August 5-8, Chicago, IL 20477, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Boyer, Christopher N. & Jensen, Kimberly L. & McLeod, Elizabeth & Larson, James A., 2016. "Upland Cotton Producers’ Willingness to participate in a BMP/STAX Pilot Program," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 234975, Agricultural and Applied Economics Association.
    4. Adusumilli, Naveen & Wang, Hua & Dodla, Syam & Deliberto, Michael, 2020. "Estimating risk premiums for adopting no-till and cover crops management practices in soybean production system using stochastic efficiency approach," Agricultural Systems, Elsevier, vol. 178(C).
    5. Bazen, Ernest F. & Roberts, Roland K. & Travis, John & Larson, James A., 2008. "Factors Affecting Hay Supply and Demand in Tennessee," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6889, Southern Agricultural Economics Association.
    6. Chen, Le & Rejesus, Roderick M. & Brown, Zachary S. & Boyer, Christopher M. & Larson, James A., 2020. "Adoption of Cover Crops under Uncertainty: A Real Options Method," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304391, Agricultural and Applied Economics Association.
    7. Boyer, Christopher & Harmon, Xavier & Lambert, Dayton & Larson, James & Donald, Tyler, 2017. "Risk Effects on Nitrogen Fertilization and Cost-Share Payments under Alternative Tillage and Cover Crop Systems for Cotton," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252482, Southern Agricultural Economics Association.
    8. Walters, Jeremy T. & Roberts, Roland K. & Larson, James A. & English, Burton C. & Howard, Donald D., 2003. "Effects Of Risk On Optimal Nitrogen Fertilization Dates In Winter Wheat Production As Affected By Disease And Nitrogen Source," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35035, Southern Agricultural Economics Association.
    9. English, Alicia & Tyner, Wallace E. & Sesmero, Juan P. & Owens, Phillip & Muth, David, 2012. "Environmental Impacts of Stover Removal in the Corn Belt," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124873, Agricultural and Applied Economics Association.
    10. Howard, Donald D. & English, Burton C. & Larson, James A. & Roberts, Roland K. & Walters, Jeremy T., 2004. "Effects Of Risk, Disease, And Nitrogen Source On Optimal Nitrogen Fertilization Rates In Winter Wheat Production," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34688, Southern Agricultural Economics Association.
    11. Jaenicke, Edward C. & Frechette, Darren L. & Larson, James A., 2003. "Estimating Production Risk and Inefficiency Simultaneously: An Application to Cotton Cropping Systems," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(3), pages 1-18, December.
    12. Boyer, Christopher M. & Lambert, Dayton M. & Larson, James A. & Tyler, Donald, 2017. "Investment Analysis of Long-term Cover Crops and Tillage Systems on Cotton Production," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258525, Agricultural and Applied Economics Association.

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