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Dryland Wheat variety selection in the Texas High Plain

Author

Listed:
  • Park, Seong Cheol
  • Cho, Jaesung
  • Bevers, Stanley J.
  • Amosson, Stephen H.
  • Rudd, Jackie C.

Abstract

Selecting the best wheat varieties affects producers’ profit and financial risk. This study identifies the optimal wheat variety selection using the portfolio approach at various risk aversion levels. Results showed that the optimal wheat variety selection was significantly affected by changes in levels of risk aversion of decision makers

Suggested Citation

  • Park, Seong Cheol & Cho, Jaesung & Bevers, Stanley J. & Amosson, Stephen H. & Rudd, Jackie C., 2012. "Dryland Wheat variety selection in the Texas High Plain," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119658, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea12:119658
    DOI: 10.22004/ag.econ.119658
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    File URL: https://ageconsearch.umn.edu/record/119658/files/Wheat_Park_Final.pdf
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    References listed on IDEAS

    as
    1. Barkley, Andrew & Peterson, Hikaru Hawana & Shroyer, James, 2010. "Wheat Variety Selection to Maximize Returns and Minimize Risk: An Application of Portfolio Theory," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 42(1), pages 39-55, February.
    2. Batra, Raveendra N & Ullah, Aman, 1974. "Competitive Firm and the Theory of Input Demand under Price Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 537-548, May/June.
    3. Al-Hamoudi, K. A. & Sherif, Sherin A. & Sofian, B. E., 1997. "Wheat production in Saudi Arabia between feasibility and efficiency," Agricultural Economics, Blackwell, vol. 16(1), pages 35-45, March.
    4. Dahl, Bruce L. & Wilson, William W. & Nganje, William E., 2004. "Stochastic Dominance in Wheat Variety Development and Release Strategies," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(1), pages 1-18, April.
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    Keywords

    Farm Management;

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