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Certainty Equivalent Farm Returns from Bt and Non-Bt Cotton

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  • Banerjee, Swagata (Ban)
  • Martin, Steven W.

Abstract

Annual mean returns and certainty equivalent returns for 1983-2003 were calculated for specified non-Bt cotton (refuge) percentages for a cotton farm of average size in the Mississippi Delta. Certainty equivalents indicate sprays influence mean profits more than the percentage of refuge in a cotton producer's portfolio. This supports an earlier study where returns calculated from both observed and simulated yields indicated, for any given refuge percentage, mean returns were higher with less risk when insecticides were sprayed compared to no insecticide sprays.

Suggested Citation

  • Banerjee, Swagata (Ban) & Martin, Steven W., 2006. "Certainty Equivalent Farm Returns from Bt and Non-Bt Cotton," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35383, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaso:35383
    DOI: 10.22004/ag.econ.35383
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    References listed on IDEAS

    as
    1. Terrance M. Hurley & Paul D. Mitchell & Marlin E. Rice, 2004. "Risk and the Value of Bt Corn," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(2), pages 345-358.
    2. Miller, J. Corey & Barnett, Barry J. & Coble, Keith H., 2003. "Analyzing Producer Preferences for Counter-Cyclical Government Payments," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 35(3), pages 671-684, December.
    3. Martin, Steven W. & Barnett, Barry J. & Coble, Keith H., 2001. "Developing And Pricing Precipitation Insurance," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(1), pages 1-14, July.
    4. repec:ags:joaaec:v:35:y:2003:i:3:p:671-684 is not listed on IDEAS
    5. Banerjee, Swagata (Ban) & Martin, Steven W. & Wetzstein, Michael E., 2005. "Farm Profits from Stochastic and On-Farm Yields of Bt and Non-Bt Cotton in the Mississippi Delta," 2005 Annual Meeting, February 5-9, 2005, Little Rock, Arkansas 35653, Southern Agricultural Economics Association.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Farm Management;

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