New crop insurance coverage offered by the 2014 Farm Bill will be available to cotton farmers beginning in 2015. Stacked Income Protection Plan (STAX) and Supplemental Coverage Option (SCO) are new crop insurance options, which are designed to protect farmers from shallow losses. STAX is only...

Many investment decisions of agribusiness firms, such as when to invest in an emerging market or whether to expand the capacity of the firm, involve irreversible investment and uncertainty about demand, cost or competition. This paper uses an option-value model to examine the factors affecting...

Using trout producer survey data and the contingent valuation method, we estimate willing-ness to pay for a potential insurance policy. The survey was conducted in 2005 across the United States; 268 producers completed the survey instrument, resulting in a response rate of 81 percent. Design of...

Replaced with revised version of paper 02/15/06.

Replaced with revised version of paper 08/31/06.

This paper examines the role of risk aversion in setting herbicide label rates and application rates. Companies establish label rates to be efficacious for a wide range of conditions. The use of reduced rates of herbicide offer the opportunity to increase farm profit and reduce herbicide use, an...

The cotton harvesting industry is in the beginnings of its next technological advance, cotton harvesters that form cotton modules inside the machine then deposit them off the rows. These new machines eliminate the need for extra labor and equipment, but are more expensive than conventional...

Using a non-parametric linear programming approach, our contribution is (1) to examine the impact of incorporating risk in efficiency analysis and (2) to compare the efficiency measures with and without risk for continuous and rotation cropping systems. The model uses Nebraska cropping system...

One of the potential management practices of precision agriculture (PA) is the capability of varying input application rate across a field. A potential benefit of that practice is the reduction in yield variability. Temporal reduction in yield variability can also be achieved through irrigation...

A non-parametric simulation model incorporating price and yield risk determined gross revenue less risk management costs for corn, cotton, and soybeans produced with and without irrigation. Risk management alternatives protecting price risk, yield risk, and combinations of price and yield were...