Hostname: page-component-cd9895bd7-fscjk Total loading time: 0 Render date: 2024-12-22T14:02:13.723Z Has data issue: false hasContentIssue false
  • English
  • Français

Risk Efficient Perennial Crop Selection: A Motad Approach to Citrus Production

Published online by Cambridge University Press:  28 April 2015

Paul W. Teague  and
John G. Lee
Paul W. Teague
Affiliation:
Department of Agriculture, Arkansas State University
John G. Lee
Affiliation:
Department of Agricultural Economics, Louisiana State Univ., Baton Rouge
Get access Rights & Permissions [Opens in a new window]

Abstract

Numerous studies have analyzed annual crop mix decisions in light of producer risk preferences. Few studies have focused on perennial crop mix decisions. This study attempts to identify not only the optimal mix of grapefruit and oranges for various riskaversion levels, but also optimal planting densities within each species. Experimental plot data from a grapefruit and orange spacing trial over the 1970-82 period were used in a MOTAD formulation to address optimal perennial crop mix and planting density decisions under different capital constraints. An examination of results suggests crop mix and planting density diversification within and across species of citrus as a means of reducing income variability.

Keywords

perennial cropscitrusMOTADoptimal mixoptimal densityrisk
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 20 , Issue 2 , December 1988 , pp. 145 - 152
Copyright
Copyright © Southern Agricultural Economics Association 1988

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Anderson, J.R., Dillon, J. L., and Hardaker, B.. Agricultural Decision Analysis. Ames, Iowa: The Iowa State University Press, 1977.Google Scholar
Apland, J.D., McCarl, B. A., and Miller, W. L.. “Risk and the Demand for Supplemental Irrigation: A Case Study in the Corn Belt.” Amer. J. Agr. Econ. 62(1980):142–145.CrossRefGoogle Scholar
Barry, , Peter, J., Hopkin, John A., and Baker, C. B.. Financial Management in Agriculture. Danville, IL: The Interstate Printers and Publishers, Inc., 1983.Google Scholar
Brink, L., and McCarl, B.A.. “The Trade Off Between Expected Return and Risk Among Corn-Belt Crop Farmers.” Amer. J. Agr. Econ., 60(1978):259–263.CrossRefGoogle Scholar
Falatoonzadeh, H., Conner, J. R., and Pope, R. D.. “Risk Management Strategies to Reduce Net Income Variability for Farmers.” So. J. Agr. Econ., 17(1985):117–130.Google Scholar
Fisher, R.A. “A Mathematical Examination of the Methods of Determining the Accuracy of an Observation by the Mean Error and by the Mean Square Error.” Royal Astronomical Society, 80(1920):758–769.Google Scholar
Fucik, J.E. “Marrs Orange Spacing Trial, 1970-82.” Circ. No. 94-4, Texas A&I Univ. Citrus Center, Weslaco, TX 78596, 1983.Google Scholar
Fucik, J.E. “Ruby Red Grapefruit Spacing Trial, 1970-82.” Circ. No. 94-5, Texas A&I Univ. Citrus Center, Weslaco, TX 78596, 1984.Google Scholar
Hardy, N. “Replanting Going Full Tilt.” Citrus Industry, May, 1987.Google Scholar
Hazell, P.B.R. “A Linear Alternative to Quadratic and Semivariance Programming for Farm Planning Under Uncertainty.” Amer. J. Agr. Econ. 53(1971):662–665.Google Scholar
Hazell, P.B.R, Norton, R. D., Parthasarathy, M., and Pomareda, C.. “The Importance of Risk in Agricultural Planning Models.” In The Book of CHAC Programming Studies for Mex ican Agriculture. Ed. Roger Norton, D..and Solis, Leopoldo M.. Baltimore, Maryland: The Johns Hopkins University Press, 1983, pp. 225–248.Google Scholar
Koo, R.C.J, and Muraro, R. P.. “Effect of Tree Spacing on Fruit Production and Net Returns of ‘Pineapple’ Oranges.” Proc. Fla. State Hort. Soc, 95(1982):29–33.Google Scholar
Kramer, R.A., and Pope, R. D.. “Participation in Farm Commodity Programs: Stochastic Dominance Analysis.” Amer. J. Agr. Econ., 63(1981):119–128.CrossRefGoogle Scholar
Lin, W.G., Dean, G. W., and Moore, L. V.. “An Empirical Test of Utility vs. Profit Maximization in Agricultural Production.” Amer. J. Agr. Econ., 56(1974):497–508.CrossRefGoogle Scholar
Mapp, H.P. Jr., Hardin, M. L., Walker, O. L., and Persanel, T.. “Analysis of Risk Management Strategies for Agricultural Producers.” Amer. J. Agr. Econ., 61(1979):71–77.CrossRefGoogle Scholar
McGrann, J.M., Jenson, R. H., and Teague, P. W.. Decision Aids for Citrus Grove Budgeting and Investment Analysis. MicoComputer Template User's Manual. Version 2.0, TAES, TAEX, Texas A&I Univ. Citrus Center, Department of Agricultural Economics, TAMU, College Station, TX 77843.Google Scholar
Nieuwoudt, W.L., Bullock, J. B., and Mathia, G. A.. “An Economic Evaluation of Alternative Peanut Policies.” Amer. J. Agr. Econ., 53(1976):485–495.CrossRefGoogle Scholar
Pope, R.D., and Kramer, R.. “Production Uncertainty and Factor Demands for the Competitive Firm.” So. Econ. J., 46(1979):489–501.CrossRefGoogle Scholar
Ratti, R.A., and Ullah, A.. “Uncertainty in Production and the Competitive Firm.” So. Econ. J., 42(1976):703–710.CrossRefGoogle Scholar
Rister, M.E., Skees, J. R., and Black, J. R.. “Evaluating Use of Outlook Information in Grain Sorghum Storage Decisions.” So. J. Agr. Econ., 16(1984):151–158.Google Scholar
Simmons, R.L., and Pomareda, C.. “Equilibrium Quantity and Timing of Mexican Vegetable Exports.” Amer. J. Agr. Econ., 57(1975):472–479.CrossRefGoogle Scholar
Teague, P.W. “Economic Analysis of Grapefruit Spacing Trial.” Circ. No. C-94-7, 1986, Texas A&I Univ. Citrus Center, Weslaco, TX 78596.Google Scholar
Teague, P.W. “Cash Cost Estimates for Citrus Orchard Establishment and Maintenance for the Lower Rio Grande Valley of Texas, 1987.” Circ. No. C-94-9, 1987, Texas A&I Univ. Citrus Center, Weslaco, TX 78596.Google Scholar
Texas Department of Agriculture, Fruit and Pecan Statistics, 1980 & 1983. Texas Crop and Livestock Reporting Service and U. S. D. A., Statistical Reporting Service, Austin, TX.Google Scholar
Texas Department of Agriculture, Citrus Tree Inventory Survey, 1987. Texas Crop and Livestock Reporting Service and U.S. D. A., Statistical Reporting Service, Austin, TX.Google Scholar
Whitlock, L.Texas Valley Citrus Committee Annual Report, 1987. Texas Valley Citrus Committee P.O. Box 2419, McAllen, TX 78501.Google Scholar
United States Dept. of Agriculture, Agricultural Statistics. Washington D. C.: U. S. Government Printing Office, 1983.Google Scholar
Zimet, D.J., and Spreen, T. A.. “A Target MOTAD Analysis of a Crop and Livestock Farm in Jefferson Co., Fla.” So. J. Agr. Econ., 18(1986):175–186.Google Scholar