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Please use this identifier to cite or link to this item: http://purl.umn.edu/43204

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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