Probability of Irrigated Corn Being Profitable in a Humid Region
Boyer, Christopher N.; Larson, James A.; Roberts, Roland K.; McClure, Angela T.; Tyler, Donald D.; Smith, S. Aaron
2014

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Abstract

We used Monte Carlo simulation to evaluate the probability of the net present value (NPV) being positive for investing in irrigation for corn production in Tennessee. The probability of NPV>0 ranged from 78-89% for a 200-acre field using 1994-2013 prices, and 87-99% for a 125-acre field using 2006-2013 prices.

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Title Probability of Irrigated Corn Being Profitable in a Humid Region
Author(s) Boyer, Christopher N.
Larson, James A.
Roberts, Roland K.
McClure, Angela T.
Tyler, Donald D.
Smith, S. Aaron
Subject(s)
Issue Date Jan 16 2014
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.162470
Record Identifier https://ageconsearch.umn.edu/record/162470
PURL Identifier http://purl.umn.edu/162470
Language English
Record Appears in Southern Agricultural Economics Association (SAEA) > 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas

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