Texas is the leading U.S. producer of cotton, and the U.S. is the largest internationalmarket supplier of cotton. Risks and uncertainties plague Texas cotton producers withunpredictable weather, insects, diseases, and price variability. Risk management studieshave examined the risk reducing...

The Rio Grande has headwaters in Colorado, flows through New Mexico, and serves as the United States.–Mexico border in Texas, emptying into the Gulf of Mexico. Snow melt in Colorado and northern New Mexico constitutes the water river supply for New Mexico and the El Paso region, whereas...

This study focuses on managing cotton production and marketing risks using combinations of irrigation levels, put options (as price insurance), and crop insurance. Stochastic cotton yields and prices are used to simulate a whole-farm financial statement for a 1,000 acre furrow irrigated cotton...