AgEcon Search

AgEcon Search >
       Journal of Agricultural and Applied Economics >
          Volume 35, Number 03, December 2003 >

Please use this identifier to cite or link to this item:

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
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.
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

Files in This Item:

File Description SizeFormat
Flanders JAAE December 2003.pdf3970KbPDFView/Open
Recommend this item

All items in AgEcon Search are protected by copyright.



Brought to you by the University of Minnesota Department of Applied Economics and the University of Minnesota Libraries with cooperation from the Agricultural and Applied Economics Association.

All papers are in Acrobat (.pdf) format. Get Adobe Reader

Contact Us

Powered by: