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Economic Risk Analysis of Rice Cultivars under Organic and Conventional Management

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  • Watkins, K. Bradley
  • Mane, Ranjitsinh U.
  • McClung, Anna

Abstract

Several studies evaluate the agronomics of crop cultivars grown under both organic and conventional management. Most studies focus on yield differences or mean yield rankings between conventional and organic management. Their findings have been mixed for the most part. None of these studies use economic analysis to identify the best cultivars for either system. This study uses simulation and stochastic efficiency with respect to a function (SERF) to obtain ordinal rankings of rice cultivars for both organic and conventional management based on risk efficiency. The SERF analysis reveals the most dominant cultivars grown under conventional management do not match the most dominant cultivars grown under organic management. These results imply that rice cultivars ideal for conventional systems may not be ideal for organic systems, and that rice cultivars used in organic production systems should be adapted to organic rather than conventional management.

Suggested Citation

  • Watkins, K. Bradley & Mane, Ranjitsinh U. & McClung, Anna, 2018. "Economic Risk Analysis of Rice Cultivars under Organic and Conventional Management," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266587, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea18:266587
    DOI: 10.22004/ag.econ.266587
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    Risk and Uncertainty;

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