Average producer practice reveals that the expected returns are greater from dual-purpose wheat grown for both forage and grain than for grain-only wheat. Variety trials report an 11 bushel per acre yield advantage and hence economic advantage for grain-only. Research was conducted to reconcile...

Three marketing strategies (selling a put option, cash sale at harvest, and cash sale in June) are simulated based on historical values and ranked based on certainty equivalents for a representative irrigated and dryland cotton farm Scenario analysis is also used to compare varying yield values.