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A Farm-level Approach to the Methyl Bromide Phase-out: Identifying Alternatives and Maximizing Net Worth Using Stochastic Dominance and Optimization Procedures

Author

Listed:
  • Byrd, Mark M.
  • Escalante, Cesar L.
  • Wetzstein, Michael E.
  • Fonsah, Esendugue Greg

Abstract

Alternative fumigant and herbicide systems for Georgia's pepper farms are analyzed relative to soon-to-be phased-out methyl bromide system. Stochastic dominance analyses identify two alternatives exceeding MeBr's yield and financial efficiency. A programming model using simulation-optimization techniques provides important implications on the pepper farms' economic viability under these alternative systems.

Suggested Citation

  • Byrd, Mark M. & Escalante, Cesar L. & Wetzstein, Michael E. & Fonsah, Esendugue Greg, 2006. "A Farm-level Approach to the Methyl Bromide Phase-out: Identifying Alternatives and Maximizing Net Worth Using Stochastic Dominance and Optimization Procedures," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35265, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaso:35265
    DOI: 10.22004/ag.econ.35265
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    File URL: https://ageconsearch.umn.edu/record/35265/files/sp06by01.pdf
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    References listed on IDEAS

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    1. Babcock, Bruce A. & Choi, E. Kwan & Feinerman, Eli, 1993. "Risk And Probability Premiums For Cara Utility Functions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(1), pages 1-8, July.
    2. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, November.
    3. Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 44, pages 2343-2378, Elsevier.
    4. repec:cup:jagaec:v:33:y:2001:i:03:p:413-420_02 is not listed on IDEAS
    5. Escalante, Cesar L. & Barry, Peter J., 2001. "Risk Balancing In An Integrated Farm Risk Management Plan," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(3), pages 1-17, December.
    6. repec:ags:joaaec:v:33:y:2001:i:3:p:413-429 is not listed on IDEAS
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    Cited by:

    1. Lei, Lei, 2018. "Effects of trade policy on technological innovation in agricultural markets - implications for the developing economies," IDE Discussion Papers 687, Institute of Developing Economies, Japan External Trade Organization(JETRO).

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