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Cotton Production Under Risk: an Analysis of Input Effects on Yield Variability and Factor Demand

Year: 1981

Type: article

Abstract: The risk flexible production model developed by Just and Pope is estimated for the case of cotton in California's San Joaquin Valley and the implications of the model for factor demand are examined. Results indicate risk-reducing roles for farm machinery, labor, and fertilizers in contrast to restrictions imposed by traditional stochastic production specifications. Qualitative assessment of estimated risk effects on factor employment under risk aversion are evaluated by comparison to the risk-neutral solution.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.32580

Authors: Farnsworth, Richard L., Moffitt, L. Joe

Language: English

Topic: Agricultural economics and policies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDGs: Decent work and economic growth, Zero hunger

Open Access status: green

OpenAlex ID: W1593140858

FWCI: 2.666

Cites: 9

Cited by: 22

Related to: 10