We assess the economic feasibility of a 10 MMGY biodiesel plant using a Monte Carlo Cash Flow model programmed in Excel using @Risk, a simulation and risk analysis software. The model incorporates stochastic components to capture uncertainty in the analysis. The stochastic components are mainly...

This study focuses on development of agricultural best management practices (BMPs) for potato production areas in Northeast Florida, and presents the results of the initial situation assessment. BMP implementation is the primary strategy used by agencies and farmers to improve the efficiency and...

In this paper we consider factors that affect both crop prices and yields in order to examine supply responses of major crops in the Southeast. Due to the variable nature of crop production in the Southeast, previous studies that ignore price and yield risk may fail to capture one of the salient...

A new non-parametric method to estimate a decision maker's coefficient of absolute risk aversion from observed economic behaviour is explained. The method uses the expected value-variance (E-V) framework and quadratic programming. An empirical illustration is given using Norwegian farm-level...

Farming in coastal Bangladesh includes rice/shrimp and rice/non-rice cropping systems. The former has been highly profitable but has exacerbated salinization of soil and water. We evaluate the relative profitability, riskiness, and sustainability of the two cropping systems, using data from two...

More than half of all transactions for U.S. agricultural products are still conducted through spot market exchanges, in which commodities are bought and sold in open market transactions for immediate delivery. But a growing share of U.S. farm production is produced and sold under agricultural...

The distributions currently used to model and simulate crop yields are unable to accommodate a substantial subset of the theoretically feasible mean-variance-skewness-kurtosis (MVSK) hyperspace. Because these first four central moments are key determinants of shape, the available distributions...

This paper proposes and applies an innovative estimation approach for farm group programming models using Generalised Maximum Entropy. The proposed set-up simultaneously determines calibrating cost function parameters and input allocations to production activities. The methodology is applied to...

Despite the rapid producer adoption of hybrid rice (Oryza sativa L.) in recent years, the economic advantage of hybrid rice in the mid-Southern United States remains disputed. This study compares the economic risk and return of three popularly sown hybrid rice varieties: XL723, Clearfield® (CL)...