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An Economic Risk Analysis Of Weed-Suppressive Rice Cultivars In Conventional Rice Production

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  • WATKINS, K. BRADLEY
  • GEALY, DAVID R.
  • ANDERS, MERLE M.
  • MANE, RANJITSINH U.

Abstract

Weed-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 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.

Suggested Citation

  • Watkins, K. Bradley & Gealy, David R. & Anders, Merle M. & Mane, Ranjitsinh U., 2018. "An Economic Risk Analysis Of Weed-Suppressive Rice Cultivars In Conventional Rice Production," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 50(4), pages 478-502, November.
    • Handle: RePEc:cup:jagaec:v:50:y:2018:i:04:p:478-502_00
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    Cited by:

    1. Mohammad Khakbazan & Hushton C. Block & John Huang & Jeff J. Colyn & Vern S. Baron & John A. Basarab & Changxi Li & Chinyere Ekine-Dzivenu, 2022. "Effects of Silage-Based Diets and Cattle Efficiency Type on Performance, Profitability, and Predicted CH 4 Emission of Backgrounding Steers," Agriculture, MDPI, vol. 12(2), pages 1-20, February.

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