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Journal of Agricultural and Applied Economics >
Volume 35, Number 03, December 2003 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/43204
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| Title: | Profit and Variance Analysis of Cotton Production Technologies and Rotation Crops in Georgia |
| Authors: | Flanders, Archie
White, Fred C.
Shurley, W. Donald
Brown, Steve M. |
| Keywords: | cotton production technologies
mathematical optimization
risk aversion
whole farm analysis |
| JEL Codes: | C61
Q16 |
| Issue Date: | 2003-12 |
| Abstract: | Genetically modified cotton varieties have the potential for increasing returns and/or decreasing labor requirements. A nonlinear optimization model is applied to a whole farm analysis for evaluating cotton production technologies. This model maximizes farm utility, composed of expected returns and their variability, at various risk aversion levels in order to evaluate cotton production technologies. Results show that while conventional cotton maximizes utility in a risk-neutral situation, transgenic cotton varieties entered into the optimal solutions as higher levels of risk aversion were considered. |
| URI: | http://purl.umn.edu/43204 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 35, Number 03, December 2003 |
| Total Pages: | 10 |
| From Page: | 685 |
| To Page: | 694 |
| Collections: | Volume 35, Number 03, December 2003
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| Flanders JAAE December 2003.pdf | | 3970Kb | PDF | View/Open |
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