FERTILIZATION UNDER UNCERTAINTY - AN ANALYSIS BASED ON PRODUCER YIELD EXPECTATIONS Academic Article

abstract

• Optimal nitrogen fertilizer levels are computed for a sample of Texas Coastal Bend grain sorghum producers based on their assessed subjective conditional yield and price probabilities, utility measures, and cost information. Producers' mean yield expectations were substantially greater than experimental yield response and their perceptions of the effects of nitrogen on yield variability were contrary to usual characterization of nitrogen as a risk-increasing input. Optimal fertilizer levels based on expected utility maximization represent actual fertilizer use somewhat better than those based on expected profit maximization. However, both calculated levels were high relative to actual fertilizer use. 1987 American Agricultural Economics Association.

authors

• Bessler, David
• Rister, M

published proceedings

• AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS

author list (cited authors)

• SRIRAMARATNAM, S., BESSLER, D. A., RISTER, M. E., MATOCHA, J. E., & NOVAK, J.

citation count

• 43

complete list of authors

• SRIRAMARATNAM, S||BESSLER, DA||RISTER, ME||MATOCHA, JE||NOVAK, J

publication date

• May 1987

publisher

• Wiley  Publisher

published in

• American Journal of Agricultural Economics  Journal

keywords

• 2 Zero Hunger
• Clinical Research

Digital Object Identifier (DOI)

• 10.2307/1242285

start page

• 349

end page

• 357

volume

• 69

issue

• 2

URL

• http%3A%2F%2Fdx.doi.org%2F10.2307%2F1242285

user-defined tag

• 2 Zero Hunger