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Economically Feasible Crop Production Alternatives to Peanuts in Southwestern Oklahoma

Author

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  • Devkota, Shankar
  • Holcomb, Rodney B.
  • Taylor, Merritt J.
  • Epplin, Francis M.

Abstract

Changes in the U.S. peanut program have resulted in drastically decreased planted acres and forced many peanut producers in the Southwest to consider alternative crops. This study examined the economic risk associated with producing peanuts and common alternatives to peanuts. Seedless watermelon is an alternative for risk preferring farmers whereas, irrigated peanut is the best choice for risk averse farmers.

Suggested Citation

  • Devkota, Shankar & Holcomb, Rodney B. & Taylor, Merritt J. & Epplin, Francis M., 2006. "Economically Feasible Crop Production Alternatives to Peanuts in Southwestern Oklahoma," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35377, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaso:35377
    DOI: 10.22004/ag.econ.35377
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    References listed on IDEAS

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    1. Chvosta, Jan & Rucker, Randal R. & Thurman, Walter N., 2001. "Peanut Quota Markets And Peanut Production After Fair," 2001 Annual meeting, August 5-8, Chicago, IL 20557, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. McCarl, Bruce A., 1988. "Preference Among Risky Prospects Under Constant Risk Aversion," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 20(2), pages 25-34, December.
    3. Borges, Robert B., 1995. "Trade And The Political Economy Of Agricultural Policy: The Case Of The United States Peanut Program," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(2), pages 1-18, December.
    4. Thurman, Walter N. & Chvosta, Jan & Brown, Blake A. & Rucker, Randal R., 2003. "The End Of Supply Controls: The Economic Effects Of Recent Change In Federal Peanut Policy," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35041, Southern Agricultural Economics Association.
    5. Nayga, Rodolfo M. & Borges, Robert B., 1995. "Trade and the Political Economy of Agricultural Policy: The Case of the United States Peanut Program," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 27(2), pages 595-612, December.
    6. Pease, James W. & Lehman, John & Orden, David, 2001. "Proposed End Of Peanut Quota Program: Economic Effects On Virginia Producers," Report Papers 14845, Virginia Tech, Rural Economic Analysis Program (REAP).
    7. Rucker, Randal R & Thurman, Walter N, 1990. "The Economic Effects of Supply Controls: The Simple Analytics of the U.S. Peanut Program," Journal of Law and Economics, University of Chicago Press, vol. 33(2), pages 483-515, October.
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    Keywords

    Crop Production/Industries;

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