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The Effect of Spatial Variability of Irrigation Applications on Risk-Efficient Strategies

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  • Bernardo, Daniel J.

Abstract

The effect of irrigation system uniformity on the selection of risk-efficient irrigation strategies is evaluated using crop simulation and stochastic dominance procedures. Alternative strategies are evaluated under assumptions of both uniform and non-uniform application. Results indicate that the variability of net returns resulting from the employment of a specified schedule increases when irrigation uniformity is explicitly represented. Solutions derived using economic efficiency and stochastic dominance criteria indicate that the uniformity with which irrigations are applied contributes to the application of water-intensive irrigation schedules.

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  • Bernardo, Daniel J., 1988. "The Effect of Spatial Variability of Irrigation Applications on Risk-Efficient Strategies," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 20(1), pages 77-86, July.
    • Handle: RePEc:cup:jagaec:v:20:y:1988:i:01:p:77-86_02
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    Cited by:

    1. Babcock, Bruce A. & Shogren, Jason F., 1995. "The cost of agricultural production risk," Agricultural Economics, Blackwell, vol. 12(2), pages 141-150, August.
    2. Dalton, Timothy J. & Porter, Gregory A. & Winslow, Noah G., 2004. "Risk Management Strategies in Humid Production Regions: A Comparison of Supplemental Irrigation and Crop Insurance," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 33(2), pages 1-13, October.
    3. Oriade, Caleb A. & Dillon, Carl R., 1997. "Developments in biophysical and bioeconomic simulation of agricultural systems: a review," Agricultural Economics, Blackwell, vol. 17(1), pages 45-58, October.

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