Free Access
Stochastic efficiency analysis with risk aversion bounds: a simplified approach
Abstract
A method of stochastic dominance analysis with respect to a function (SDRF) is described and illustrated. The method, called stochastic efficiency with respect to a function (SERF), orders a set of risky alternatives in terms of certainty equivalents for a specified range of attitudes to risk. It can be applied for conforming utility functions with risk attitudes defined by corresponding ranges of absolute, relative or partial risk aversion coefficients. Unlike conventional SDRF, SERF involves comparing each alternative with all the other alternatives simultaneously, not pairwise, and hence can produce a smaller efficient set than that found by simple pairwise SDRF over the same range of risk attitudes. Moreover, the method can be implemented in a simple spreadsheet with no special software needed.
Citing Literature
Number of times cited according to CrossRef: 109
- Laura Girdžiūtė, Human Risk in Agriculture: Problems and Perspectives, Eurasian Economic Perspectives, 10.1007/978-3-030-40375-1_21, (301-311), (2020).
- Naveen Adusumilli, Hua Wang, Syam Dodla, Michael Deliberto, Estimating risk premiums for adopting no-till and cover crops management practices in soybean production system using stochastic efficiency approach, Agricultural Systems, 10.1016/j.agsy.2019.102744, 178, (102744), (2020).
- Tony Prato, Framework for Identifying Preferred Sustainable Management Actions with Application to Forest Fuel Treatment, Sustainability Perspectives: Science, Policy and Practice, 10.1007/978-3-030-19550-2_2, (19-39), (2020).
- Mohammad Khakbazan, Yantai Gan, Manjula Bandara, Jianzhong Huang, Economics of pulse crop frequency and sequence in a wheat‐based rotation, Agronomy Journal, 10.1002/agj2.20182, 112, 3, (2058-2080), (2020).
- Kevin Adkins, Christopher N. Boyer, S. Aaron Smith, Andrew P. Griffith, Andrew Muhammad, Analyzing corn and cotton producers optimal prevented planting decision on moral hazard, Agronomy Journal, 10.1002/agj2.20173, 112, 3, (2047-2057), (2020).
- Fatemeh Fathi, Azar Sheikhzeinoddin, Rezvan Talebnejad, Environmental and Economic Risk Management of Seed Maize Production in Iran, Journal of Cleaner Production, 10.1016/j.jclepro.2020.120772, (120772), (2020).
- M. Khakbazan, J. Nyiraneza, Y. Jiang, V. Rodd, J. Huang, B. Zebarth, K. Fuller, E. Smith, R. Xie, Economic effect of fall vs. spring plowing of forage on following potato production in Prince Edward Island, Canada, Agrosystems, Geosciences & Environment, 10.1002/agg2.20010, 3, 1, (2020).
- Yubing Fan, Yangxuan Liu, Paul B. DeLaune, Partson Mubvumba, Seong C. Park, Stanley J. Bevers, Net return and risk analysis of winter cover crops in dryland cotton systems, Agronomy Journal, 10.1002/agj2.20091, (2020).
- Fidele HAKORİMANA, Handan VURUŞ AKÇAÖZ, Risk Sources and Risk Management Strategies in Coffee Farming: A Case Study of Rwanda, Tarım Ekonomisi Dergisi, 10.24181/tarekoder.698795, (1-17), (2020).
- Andreas Meyer-Aurich, Yusuf Nadi Karatay, Ausra Nausediene, Dieter Kirschke, Effectivity and Cost Efficiency of a Tax on Nitrogen Fertilizer to Reduce GHG Emissions from Agriculture, Atmosphere, 10.3390/atmos11060607, 11, 6, (607), (2020).
- Bradley R. Wilson, Thomas W. Allen, Angus L. Catchot, L. Jason Krutz, Darrin M. Dodds, Determining the Profitability of Reniform Nematode Control Practices in the Mississippi Cotton Production System, Plant Health Progress, 10.1094/PHP-10-19-0078-RS, (105-112), (2020).
- Ibrahim L. Kadigi, Khamaldin D. Mutabazi, Damas Philip, James W. Richardson, Jean-Claude Bizimana, Winfred Mbungu, Henry F. Mahoo, Stefan Sieber, An Economic Comparison between Alternative Rice Farming Systems in Tanzania Using a Monte Carlo Simulation Approach, Sustainability, 10.3390/su12166528, 12, 16, (6528), (2020).
- Hua Wang, Naveen Adusumilli, Donna Gentry, Lisa Fultz, Economic and stochastic efficiency analysis of alternative cover crop systems in Louisiana, Experimental Agriculture, 10.1017/S0014479720000216, (1-11), (2020).
- Ming Su Lavik, Gudbrand Lien, Audun Korsaeth, J. Brian Hardaker, Comparison of Conventional and IPM Cropping Systems: A Risk Efficiency Analysis, Journal of Agricultural and Applied Economics, 10.1017/aae.2020.8, (1-13), (2020).
- Edward Anderson, Marta Monjardino, Contract design in agriculture supply chains with random yield, European Journal of Operational Research, 10.1016/j.ejor.2019.03.041, (2019).
- Andreas Meyer-Aurich, Yusuf Nadi Karatay, Effects of uncertainty and farmers' risk aversion on optimal N fertilizer supply in wheat production in Germany, Agricultural Systems, 10.1016/j.agsy.2019.02.010, 173, (130-139), (2019).
- Brent D. Matthies, Jette Bredahl Jacobsen, Thomas Knoke, Carola Paul, Lauri Valsta, Utilising portfolio theory in environmental research – New perspectives and considerations, Journal of Environmental Management, 10.1016/j.jenvman.2018.10.049, 231, (926-939), (2019).
- Bedru B. Balana, Jean-Claude Bizimana, James W. Richardson, Nicole Lefore, Zenebe Adimassu, Brian K. Herbst, Economic and food security effects of small-scale irrigation technologies in northern Ghana, Water Resources and Economics, 10.1016/j.wre.2019.03.001, (100141), (2019).
- Jean-Claude Bizimana, James W. Richardson, Agricultural technology assessment for smallholder farms: An analysis using a farm simulation model (FARMSIM), Computers and Electronics in Agriculture, 10.1016/j.compag.2018.11.038, 156, (406-425), (2019).
- Ram N. Acharya, Rajan Ghimire, Apar GC, Don Blayney, Effect of Cover Crop on Farm Profitability and Risk in the Southern High Plains, Sustainability, 10.3390/su11247119, 11, 24, (7119), (2019).
- Jessica R Baber, Jason E Sawyer, Tryon A Wickersham, Evaluation of net protein contribution, methane production, and net returns from beef production as duration of confinement increases in the cow–calf sector1, Journal of Animal Science, 10.1093/jas/skz145, (2019).
- Justin R. Benavidez, Anastasia W. Thayer, David P. Anderson, Poo Power: Revisiting Biogas Generation Potential on Dairy Farms in Texas, Journal of Agricultural and Applied Economics, 10.1017/aae.2019.27, (1-19), (2019).
- Yusuf Nadi Karatay, Andreas Meyer-Aurich, Profitability and downside risk implications of site-specific nitrogen management with respect to wheat grain quality, Precision Agriculture, 10.1007/s11119-019-09677-3, (2019).
- Christopher N. Boyer, Dayton M. Lambert, James A. Larson, Donald D. Tyler, Investment Analysis of Cover Crop and No‐Tillage Systems on Tennessee Cotton, Agronomy Journal, 10.2134/agronj2017.08.0431, 110, 1, (331-338), (2018).
- K. BRADLEY WATKINS, DAVID R. GEALY, MERLE M. ANDERS, RANJITSINH U. MANE, AN ECONOMIC RISK ANALYSIS OF WEED-SUPPRESSIVE RICE CULTIVARS IN CONVENTIONAL RICE PRODUCTION, Journal of Agricultural and Applied Economics, 10.1017/aae.2018.9, 50, 4, (478-502), (2018).
- Juan J. Monge, Adam J. Daigneault, Leslie J. Dowling, Duncan R. Harrison, Shaun Awatere, Anne-Gaelle Ausseil, Implications of future climatic uncertainty on payments for forest ecosystem services: The case of the East Coast of New Zealand, Ecosystem Services, 10.1016/j.ecoser.2018.04.010, 33, (199-212), (2018).
- Yangxuan Liu, Michael Langemeier, Ian Small, Laura Joseph, William Fry, Jean Ristaino, Amanda Saville, Benjamin Gramig, Paul Preckel, A Risk Analysis of Precision Agriculture Technology to Manage Tomato Late Blight, Sustainability, 10.3390/su10093108, 10, 9, (3108), (2018).
- Nurudeen Abdul Rahman, Asamoah Larbi, Bekele Kotu, Francis Marthy Tetteh, Irmgard Hoeschle-Zeledon, Does Nitrogen Matter for Legumes? Starter Nitrogen Effects on Biological and Economic Benefits of Cowpea (Vigna unguiculata L.) in Guinea and Sudan Savanna of West Africa, Agronomy, 10.3390/agronomy8070120, 8, 7, (120), (2018).
- Mohammad Khakbazan, Ramona M. Mohr, Jianzhong Huang, Erik Campbell, Karl M. Volkmar, Dale J. Tomasiewicz, Alan P. Moulin, Doug A. Derksen, Byron R. Irvine, Debra L. McLaren, Alison Nelson, Economic and Risk Effects of Rotation Based on a 14-Year Irrigated Potato Production Study in Manitoba, American Journal of Potato Research, 10.1007/s12230-017-9627-8, 95, 3, (258-271), (2017).
- Elwin G. Smith, Robert P. Zentner, Con A. Campbell, Reynald Lemke, Kelsey Brandt, Long‐Term Crop Rotation Effects on Production, Grain Quality, Profitability, and Risk in the Northern Great Plains, Agronomy Journal, 10.2134/agronj2016.07.0420, 109, 3, (957-967), (2017).
- Yangxuan Liu, Michael R. Langemeier, Ian M. Small, Laura Joseph, William E. Fry, Risk Management Strategies using Precision Agriculture Technology to Manage Potato Late Blight, Agronomy Journal, 10.2134/agronj2016.07.0418, 109, 2, (562-575), (2017).
- Mohammad Khakbazan, Francis J. Larney, Jianzhong Huang, Ramona M. Mohr, Drusilla C. Pearson, Robert E. Blackshaw, Economics of Conventional and Conservation Practices for Irrigated Dry Bean Rotations in Southern Alberta, Agronomy Journal, 10.2134/agronj2016.08.0480, 109, 2, (576-587), (2017).
- Min Fan, Hideaki Shibata, Li Chen, Environmental and economic risks assessment under climate changes for three land uses scenarios analysis across Teshio watershed, northernmost of Japan, Science of The Total Environment, 10.1016/j.scitotenv.2017.05.010, 599-600, (451-463), (2017).
- Bekele Hundie Kotu, Arega Alene, Victor Manyong, Irmgard Hoeschle-Zeledon, Asamoah Larbi, Adoption and impacts of sustainable intensification practices in Ghana, International Journal of Agricultural Sustainability, 10.1080/14735903.2017.1369619, 15, 5, (539-554), (2017).
- Nicolette Matthews, Bennie Grové, Modelling Environmental Risk Using the Upper Partial Moment: a Safety-First Approach, Environmental Modeling & Assessment, 10.1007/s10666-017-9556-4, 22, 6, (549-562), (2017).
- Marcelo L. Rezende, James W. Richardson, Risk analysis of using sweet sorghum for ethanol production in southeastern Brazil, Biomass and Bioenergy, 10.1016/j.biombioe.2016.12.016, 97, (100-107), (2017).
- Lutengano Mwinuka, Khamaldin Daud Mutabazi, Stefan Sieber, Jeremia Makindara, Jean-Claude Bizimana, An economic risk analysis of fertiliser microdosing and rainwater harvesting in a semi-arid farming system in Tanzania, Agrekon, 10.1080/03031853.2017.1343154, 56, 3, (274-289), (2017).
- Frikkie Maré, Bennie Grové, Johan Willemse, Evaluating the long-term effectiveness of crop insurance products to provide cost effective and constant cover for maize producers under stochastic yields and prices, Agrekon, 10.1080/03031853.2017.1335604, 56, 3, (233-247), (2017).
- Bharat M. Upadhyay, Elwin G. Smith, G. W. Clayton, K. N. Harker, R. E. Blackshaw, Economics of integrated weed management in herbicide-resistant canola, Weed Science, 10.1614/WS-05-050R1.1, 54, 1, (138-147), (2017).
- R. Kaliba Aloyce, Mazvimavi Kizito, S. Ghebreyesus Ghirmay, Economic profitability and risk analyses of improved sorghum varieties in Tanzania, Journal of Development and Agricultural Economics, 10.5897/JDAE2017.0833, 9, 9, (250-268), (2017).
- Bill Malcolm, Vic Wright, Antipodean agricultural and resource economics at 60: farm management, Australian Journal of Agricultural and Resource Economics, 10.1111/1467-8489.12160, 60, 4, (516-530), (2016).
- Laura Girdziute, Astrida Miceikiene, Risk Management at Lithuanian Farms, Entrepreneurship, Business and Economics - Vol. 1, 10.1007/978-3-319-27570-3_31, (399-409), (2016).
- GAVIN W. HENRY, CHRISTOPHER N. BOYER, ANDREW P. GRIFFITH, JAMES LARSON, AARON SMITH, KAREN LEWIS, RISK AND RETURNS OF SPRING AND FALL CALVING FOR BEEF CATTLE IN TENNESSEE, Journal of Agricultural and Applied Economics, 10.1017/aae.2016.11, 48, 3, (257-278), (2016).
- Theodoros Skevas, Zhengfei Guan, Natalia A. Peres, Economic performance and comparative riskiness of different management practices for control of botrytis fruit rot in florida strawberry, Crop Protection, 10.1016/j.cropro.2016.01.007, 82, (82-90), (2016).
- Andreas Meyer-Aurich, Markus Gandorfer, Benjamin Trost, Frank Ellmer, Michael Baumecker, Risk efficiency of irrigation to cereals in northeast Germany with respect to nitrogen fertilizer, Agricultural Systems, 10.1016/j.agsy.2016.09.006, 149, (132-138), (2016).
- Juan J. Monge, Warren J. Parker, James W. Richardson, Integrating forest ecosystem services into the farming landscape: A stochastic economic assessment, Journal of Environmental Management, 10.1016/j.jenvman.2016.01.030, 174, (87-99), (2016).
- Muhammad Amjed Iqbal, Qing Ping, Muhammad Abid, Syed Muhammad Muslim Kazmi, Muhammad Rizwan, Assessing risk perceptions and attitude among cotton farmers: A case of Punjab province, Pakistan, International Journal of Disaster Risk Reduction, 10.1016/j.ijdrr.2016.01.009, 16, (68-74), (2016).
- Mohammad Khakbazan, Francis J. Larney, Jianzhong Huang, Dustin Dilay, Ramona Mohr, Drusilla C. Pearson, Robert E. Blackshaw, Economic Comparison of Conventional and Conservation Management Practices for Irrigated Potato Production in Southern Alberta, American Journal of Potato Research, 10.1007/s12230-016-9522-8, 93, 5, (448-462), (2016).
- Theodoros Skevas, Scott M. Swinton, Sophia Tanner, Gregg Sanford, Kurt D. Thelen, Investment risk in bioenergy crops, GCB Bioenergy, 10.1111/gcbb.12320, 8, 6, (1162-1177), (2016).
- Angelos Liontakis, Irene Tzouramani, Economic Sustainability of Organic Aloe Vera Farming in Greece under Risk and Uncertainty, Sustainability, 10.3390/su8040338, 8, 4, (338), (2016).
- BASU DEB BHANDARI, JEFFREY GILLESPIE, GUILLERMO SCAGLIA, JIM WANG, MICHAEL SALASSI, ANALYSIS OF PASTURE SYSTEMS TO MAXIMIZE THE PROFITABILITY AND SUSTAINABILITY OF GRASS-FED BEEF PRODUCTION, Journal of Agricultural and Applied Economics, 10.1017/aae.2015.5, 47, 2, (193-212), (2015).
- Amadou Gouzaye, Francis M. Epplin, Yanqi Wu, Valuing the Seed of an Improved Switchgrass Cultivar, Crop Science, 10.2135/cropsci2014.08.0529, 55, 4, (1574-1584), (2015).
- Christopher N. Boyer, Melissa Stefanini, James A. Larson, S. Aaron Smith, Alemu Mengistu, Nacer Bellaloui, Profitability and Risk Analysis of Soybean Planting Date by Maturity Group, Agronomy Journal, 10.2134/agronj15.0148, 107, 6, (2253-2262), (2015).
- Kheiry Hassan M Ishag, Fodder crop re-allocation sustainability and risk efficiency, Agricultural and Food Economics, 10.1186/s40100-015-0033-6, 3, 1, (2015).
- D.B. Strydom, B. Grové, Enhancing Decision Support through Calculating Utility Weighted Contract Prices, Outlook on Agriculture, 10.5367/oa.2015.0211, 44, 3, (187-194), (2015).
- Mohammad Khakbazan, Obioha N. Durunna, Tanis K. Sirski, Derek G. Brewin, John Huang, Nathan Berry, Alan D. Iwaasa, Shannon L. Scott, Clayton D. Robins, Hushton C. Block, Herbert A. Lardner, The effects of spring versus summer calving on beef cattle economic performance in western Canada, Canadian Journal of Animal Science, 10.4141/cjas-2015-046, 95, 3, (475-486), (2015).
- William Wilson, Sumadhur Shakya, Bruce Dahl, Valuing new random genetically modified (GM) traits with real options, Agricultural Finance Review, 10.1108/AFR-05-2014-0014, 75, 2, (213-229), (2015).
- Adam M. Komarek, Lindsay W. Bell, Jeremy P.M. Whish, Michael J. Robertson, William D. Bellotti, Whole-farm economic, risk and resource-use trade-offs associated with integrating forages into crop–livestock systems in western China, Agricultural Systems, 10.1016/j.agsy.2014.10.008, 133, (63-72), (2015).
- Elwin G. Smith, H. Henry Janzen, Roland Kröbel, Yield and profitability of fallow and fertilizer inputs in long-term wheat rotation plots at Lethbridge, Alberta, Canadian Journal of Plant Science, 10.4141/cjps-2014-356, 95, 3, (579-587), (2015).
- Sankaran Godan Paduthol, I. Dewan, E. P. Sreedevi, A Nonparametric Test for Stochastic Dominance Using Total Time on Test Transform, American Journal of Mathematical and Management Sciences, 10.1080/01966324.2014.971986, 34, 2, (162-183), (2015).
- M. Monjardino, T. McBeath, J. Ouzman, R. Llewellyn, B. Jones, Farmer risk-aversion limits closure of yield and profit gaps: A study of nitrogen management in the southern Australian wheatbelt, Agricultural Systems, 10.1016/j.agsy.2015.04.006, 137, (108-118), (2015).
- M. R. Islam, S. C. Garcia, C. E. F. Clark, K. L. Kerrisk, Modelling Pasture-based Automatic Milking System Herds: System Fitness of Grazeable Home-grown Forages, Land Areas and Walking Distances, Asian-Australasian Journal of Animal Sciences, 10.5713/ajas.14.0385, 28, 6, (903-910), (2015).
- Jeffery R. Williams, Andrew T. Saffert, G. Art Barnaby, Richard V. Llewelyn, Michael R. Langemeier, A Risk Analysis of Adjusted Gross Revenue-Lite on Beef Farms, Journal of Agricultural and Applied Economics, 10.1017/S1074070800000754, 46, 2, (227-244), (2015).
- Jeffery R. Williams, Matthew J. Pachta, Kraig L. Roozeboom, Richard V. Llewelyn, Mark M. Claassen, Jason S. Bergtold, Risk Analysis of Tillage and Crop Rotation Alternatives with Winter Wheat, Journal of Agricultural and Applied Economics, 10.1017/S1074070800024111, 44, 4, (561-576), (2015).
- E. Hart Bise Barham, John R.C. Robinson, James W. Richardson, M. Edward Rister, Mitigating Cotton Revenue Risk Through Irrigation, Insurance, and Hedging, Journal of Agricultural and Applied Economics, 10.1017/S1074070800000055, 43, 4, (529-540), (2015).
- Kelly J. Bryant, Jeanne M. Reeves, Robert L. Nichols, Jeremy K. Greene, Christopher H. Tingle, Glenn E. Studebaker, Fred M. Bourland, Charles D. Capps, Frank E. Groves, Valuing Transgenic Cotton Technologies Using a Risk/Return Framework, Journal of Agricultural and Applied Economics, 10.1017/S1074070800002315, 40, 3, (767-775), (2015).
- James W. Richardson, Brian Herbst, Anthony Duncan, Mark den Besten, Peter van Hoven, Location Preference for Risk-Averse Dutch Dairy Farmers Immigrating to the United States, Journal of Agricultural and Applied Economics, 10.1017/S1074070800023385, 39, 3, (735-748), (2015).
- Tony Prato, Conceptual Framework for Assessing the Sustainability of Forest Fuel Reduction Treatments and Their Adaptation to Climate Change, Sustainability, 10.3390/su7043571, 7, 4, (3571-3591), (2015).
- Mohammad Khakbazan, Richard Carew, Shannon L. Scott, Paul Chiang, Hushton C. Block, Clayton Robins, Obioha N. Durunna, John Huang, Economic analysis and stochastic simulation of alternative beef calving and feeding systems in western Canada, Canadian Journal of Animal Science, 10.4141/cjas2013-185, 94, 2, (299-311), (2014).
- J.W. Richardson, Computer Modeling: Policy Analysis and Simulation, Encyclopedia of Agriculture and Food Systems, 10.1016/B978-0-444-52512-3.00127-3, (359-374), (2014).
- Satit Aditto, Christopher Gan, Gilbert Nartea, Economic risk analysis of alternative farming systems for smallholder farmers in central and north-east Thailand, International Journal of Social Economics, 10.1108/IJSE-11-2012-0223, 41, 4, (294-320), (2014).
- Irene Tzouramani, Angelos Liontakis, Alexandra Sintori, George Alexopoulos, Assessing Organic Cherry Farmers’ Strategies under Different Policy Options, Modern Economy, 10.4236/me.2014.54031, 05, 04, (313-323), (2014).
- James W. Richardson, Thia Hennessy, Cathal O’Donoghue, Farm Level Models, Handbook of Microsimulation Modelling, 10.1108/S0573-855520140000293016, (505-534), (2014).
- Eihab Fathelrahman, Aydin Basarir, Mohamed Gheblawi, Sherin Sherif, James Ascough, Economic Risk and Efficiency Assessment of Fisheries in Abu-Dhabi, United Arab Emirates (UAE): A Stochastic Approach, Sustainability, 10.3390/su6063878, 6, 6, (3878-3898), (2014).
- Leah M. Duzy, Ted S. Kornecki, Kipling S. Balkcom, Francisco J. Arriaga, Net returns and risk for cover crop use in Alabama tomato production, Renewable Agriculture and Food Systems, 10.1017/S1742170513000227, 29, 4, (334-344), (2013).
- William W. Wilson, Bruce Dahl, Contracting for Canola in the Great Plains States, Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, 10.1111/cjag.12017, 62, 1, (89-106), (2013).
- Nathaniel Lyman, Lawton Lanier Nalley, Economic Analysis of Hybrid Rice Performance in Arkansas, Agronomy Journal, 10.2134/agronj2012.0461, 105, 4, (977-988), (2013).
- M.M. Venter, D.B. Strydom, B. Grové, Stochastic efficiency analysis of alternative basic grain marketing strategies, Agrekon, 10.1080/03031853.2013.770952, 52, sup1, (46-63), (2013).
- M. Monjardino, T.M. McBeath, L. Brennan, R.S. Llewellyn, Are farmers in low-rainfall cropping regions under-fertilising with nitrogen? A risk analysis, Agricultural Systems, 10.1016/j.agsy.2012.12.007, 116, (37-51), (2013).
- Denys Yemshanov, Frank Koch, Mark Ducey, Robert Haack, Marty Siltanen, Kirsty Wilson, Quantifying uncertainty in pest risk maps and assessments: adopting a risk-averse decision maker’s perspective, NeoBiota, 10.3897/neobiota.18.4002, 18, (193-218), (2013).
- Aklesso Egbendewe‐Mondzozo, Levan Elbakidze, Bruce A. McCarl, Michael P. Ward, John B. Carey, Partial equilibrium analysis of vaccination as an avian influenza control tool in the U.S. poultry sector, Agricultural Economics, 10.1111/j.1574-0862.2012.00634.x, 44, 1, (111-123), (2012).
- E. G. Smith, J. T. O'Donovan, W. J. Henderson, T. K. Turkington, R. H. McKenzie, K. N. Harker, G. W. Clayton, P. E. Juskiw, G. P. Lafond, C. A. Grant, S. Brandt, M. J. Edney, E. N. Johnson, W. E. May, Net Return Risk for Malting Barley Production in Western Canada as Influenced by Production Strategies, Agronomy Journal, 10.2134/agronj2011.0416, 104, 5, (1374-1382), (2012).
- Daragh Clancy, James P. Breen, Fiona Thorne, Michael Wallace, A stochastic analysis of the decision to produce biomass crops in Ireland, Biomass and Bioenergy, 10.1016/j.biombioe.2012.08.005, 46, (353-365), (2012).
- Brandon T. Varner, Francis M. Epplin, Gary L. Strickland, Economics of No‐Till Versus Tilled Dryland Cotton, Grain Sorghum, and Wheat, Agronomy Journal, 10.2134/agronj2011.0063, 103, 5, (1329-1338), (2011).
- EIHAB M. FATHELRAHMAN, JAMES C. ASCOUGH, DANA L. HOAG, ROBERT W. MALONE, PHILIP HEILMAN, LORI J. WILES, RAMESH S. KANWAR, ECONOMIC AND STOCHASTIC EFFICIENCY COMPARISON OF EXPERIMENTAL TILLAGE SYSTEMS IN CORN AND SOYABEAN UNDER RISK, Experimental Agriculture, 10.1017/S0014479710000979, 47, 1, (111-136), (2011).
- Markus Gandorfer, David Pannell, Andreas Meyer-Aurich, Analyzing the effects of risk and uncertainty on optimal tillage and nitrogen fertilizer intensity for field crops in Germany, Agricultural Systems, 10.1016/j.agsy.2011.06.004, 104, 8, (615-622), (2011).
- Irene Tzouramani, Alexandra Sintori, Angelos Liontakis, Pavlos Karanikolas, George Alexopoulos, An assessment of the economic performance of organic dairy sheep farming in Greece, Livestock Science, 10.1016/j.livsci.2011.05.010, 141, 2-3, (136-142), (2011).
- Keith D. Schumann, Semi-nonparametric test of second degree stochastic dominance with respect to a function, Journal of Econometrics, 10.1016/j.jeconom.2009.10.009, 162, 1, (71-78), (2011).
- Patrick Hildebrandt, Thomas Knoke, Investment decisions under uncertainty—A methodological review on forest science studies, Forest Policy and Economics, 10.1016/j.forpol.2010.09.001, 13, 1, (1-15), (2011).
- Ryan S. Henry, William G. Johnson, Kiersten A. Wise, The impact of a fungicide and an insecticide on soybean growth, yield, and profitability, Crop Protection, 10.1016/j.cropro.2011.08.014, 30, 12, (1629-1634), (2011).
- Hector German Rodriguez, Jennie Popp, Edward Gbur, Indrajeet Chaubey, Environmental and economic impacts of reducing total phosphorous runoff in an agricultural watershed, Agricultural Systems, 10.1016/j.agsy.2011.06.005, 104, 8, (623-633), (2011).
- Eihab M. Fathelrahman, James C. Ascough II, Dana L. Hoag, Robert W. Malone, Philip Heilman, Lori J. Wiles, Ramesh S. Kanwar, Continuum of Risk Analysis Methods to Assess Tillage System Sustainability at the Experimental Plot Level, Sustainability, 10.3390/su3071035, 3, 7, (1035-1063), (2011).
- Jeffery R. Williams, Richard V. Llewelyn, Dustin L. Pendell, Alan Schlegel, Troy Dumler, A Risk Analysis of Converting Conservation Reserve Program Acres to a Wheat–Sorghum–Fallow Rotation, Agronomy Journal, 10.2134/agronj2009.0142, 102, 2, (612-622), (2010).
- Tony Prato, Qiu Zeyuan, Gregory Pederson, Dan Fagre, Lindsey E. Bengtson, Jimmy R. Williams, Potential Economic Benefits of Adapting Agricultural Production Systems to Future Climate Change, Environmental Management, 10.1007/s00267-010-9427-0, 45, 3, (577-589), (2010).
- H. W. Cox, R. M. Kelly, W. M. Strong, Pulse crops in rotation with cereals can be a profitable alternative to nitrogen fertiliser in central Queensland, Crop and Pasture Science, 10.1071/CP09352, 61, 9, (752), (2010).
- Bennie Grove, Lukas Klopper Oosthuizen, Stochastic efficiency analysis of deficit irrigation with standard risk aversion, Agricultural Water Management, 10.1016/j.agwat.2009.12.010, 97, 6, (792-800), (2010).
- Carol D. Bishop, Kynda R. Curtis, Man-Keun Kim, Conserving water in arid regions: Exploring the economic feasibility of alternative crops, Agricultural Systems, 10.1016/j.agsy.2010.05.006, 103, 8, (535-542), (2010).
- J. B. Hardaker, Gudbrand Lien, Stochastic efficiency analysis with risk aversion bounds: a comment, Australian Journal of Agricultural and Resource Economics, 10.1111/j.1467-8489.2010.00498.x, 54, 3, (379-383), (2010).
- David W. Archer, Donald C. Reicosky, Economic Performance of Alternative Tillage Systems in the Northern Corn Belt, Agronomy Journal, 10.2134/agronj2008.0090x, 101, 2, (296-304), (2009).
- Andreas Meyer‐Aurich, Markus Gandorfer, Georg Gerl, Max Kainz, Tillage and Fertilizer Effects on Yield, Profitability, and Risk in a Corn‐Wheat‐Potato‐Wheat Rotation, Agronomy Journal, 10.2134/agronj2008.0126x, 101, 6, (1538-1547), (2009).
- See more
