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AN ECONOMIC RISK ANALYSIS OF WEED-SUPPRESSIVE RICE CULTIVARS IN CONVENTIONAL RICE PRODUCTION

  • K. BRADLEY WATKINS (a1), DAVID R. GEALY (a2), MERLE M. ANDERS (a1) and RANJITSINH U. MANE (a3)

Abstract

Weed-suppressive rice cultivars have the potential to reduce heavy reliance on synthetic herbicides in rice production. However, the economics of using weed-suppressive rice cultivars in conventional rice systems have not been fully evaluated. This study uses simulation and stochastic efficiency with respect to a function to rank weed-suppressive and weed-nonsuppressive rice cultivars under alternative herbicide intensity levels based on their certainty equivalents mapped across increasing levels of absolute risk aversion. The results indicate risk-averse rice producers would prefer to grow weed-suppressive cultivars using less herbicide inputs than what would be used to grow weed-nonsuppressive rice cultivars.

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Copyright

This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.

Corresponding author

*Corresponding author's e-mail: kbwatki@uark.edu

Footnotes

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The authors would like to thank Howard Black, Bill Luebke, Ashley Smith, Kenneth Hale, Gordon Miller, Alex Humphries, and Galen Branch for technical assistance. The authors also wish to thank the three anonymous reviewers for their constructive comments.

Footnotes

References

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Keywords

AN ECONOMIC RISK ANALYSIS OF WEED-SUPPRESSIVE RICE CULTIVARS IN CONVENTIONAL RICE PRODUCTION

  • K. BRADLEY WATKINS (a1), DAVID R. GEALY (a2), MERLE M. ANDERS (a1) and RANJITSINH U. MANE (a3)

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