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Economics of the Wet Fractionation System in Alfalfa Harvesting

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  • Richard A. Schoney
  • J. Thomas McGuckin

Abstract

The Wet Fractionation System nearly eliminates the risk of weather damage and harvesting delays by substituting mechanical dewatering for field drying in the low moisture silage harvesting process. Bid prices for the wet fractionation are estimated based on stochastic dominance over conventional techniques. Results indicate that the wet fractionation system has significant potential only on large, highly productive Wisconsin dairy farms, but has little economic potential for the majority of dairy farms.

Suggested Citation

  • Richard A. Schoney & J. Thomas McGuckin, 1983. "Economics of the Wet Fractionation System in Alfalfa Harvesting," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 38-44.
    • Handle: RePEc:oup:ajagec:v:65:y:1983:i:1:p:38-44.
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    File URL: http://hdl.handle.net/10.2307/1240335
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    Cited by:

    1. Scott M. Swinton & Robert P. King, 1994. "The Value of Pest Information in a Dynamic Setting: The Case of Weed Control," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(1), pages 36-46.
    2. Cochran, Mark J., 1986. "Stochastic Dominance: The State Of The Art In Agricultural Economics," Regional Research Projects > 1986: S-180 Annual Meeting, March 23-26, 1986, Tampa, Florida 271995, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.

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