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Dynamic economic modelling of crop rotation with adaptation practices

Author

Listed:
  • Liu, Xing
  • Lehtonen, Heikki
  • Purola, Tuomo
  • Pavlova, Yulia
  • Rötter, Reimund
  • Taru, Palosuo

Abstract

We developed a dynamic farm level economic model of crop rotations including nitrogen fertilization, fungicide treatment and liming as adaption practices. Simulations were run at different price and disease scenarios over 30 years. Farmer maximizes present discounted value of futures stream of profits by choosing optimal sequence of four different crops and two types of set aside. Results indicate that crop rotation system favors, or even requires, more crops to tackle against increasing disease pressure. Crop prices play also a key role in providing incentive for farmers to utilize adaptation management.

Suggested Citation

  • Liu, Xing & Lehtonen, Heikki & Purola, Tuomo & Pavlova, Yulia & Rötter, Reimund & Taru, Palosuo, 2014. "Dynamic economic modelling of crop rotation with adaptation practices," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182982, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae14:182982
    DOI: 10.22004/ag.econ.182982
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    References listed on IDEAS

    as
    1. Maynard, Leigh J. & Harper, Jayson K. & Hoffman, Lynn D., 1997. "Impact of Risk Preferences on Crop Rotation Choice," Agricultural and Resource Economics Review, Cambridge University Press, vol. 26(1), pages 106-114, April.
    2. Maynard, Leigh J. & Harper, Jayson K. & Hoffman, Lynn D., 1997. "Impact Of Risk Preferences On Crop Rotation Choice," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(1), pages 1-9, April.
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    Cited by:

    1. Zuzanna Sawinska & Stanisław Świtek & Romana Głowicka-Wołoszyn & Przemysław Łukasz Kowalczewski, 2020. "Agricultural Practice in Poland Before and After Mandatory IPM Implementation by the European Union," Sustainability, MDPI, vol. 12(3), pages 1-13, February.

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