Author: Patrick L. WarminskiPublisher:
ISBN:
Category : Cotton
Languages : en
Pages : 132
Book Description
Profitability Analysis of Irrigated Cotton Production in the Texas Panhandle Using Alternative Irrigation Management Approaches
Author: Patrick L. WarminskiPublisher:
ISBN:
Category : Cotton
Languages : en
Pages : 132
Book Description
The Water Requirement and Profitability Analysis of Major Crops in the Texas Panhandle Area Using Alternative Irrigation Management Approaches Including Evapotranspiration and Weather Information
Author: Xiaolin QuMaster's Theses Directories
Author: Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 312
Book Description
"Education, arts and social sciences, natural and technical sciences in the United States and Canada".
Economic Analysis of Alternative Irrigation Technologies
Author: Brant Alan WilbournPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The focus of this study is the economic feasibility of drip irrigation adoption using capital budgeting and quadratic programming techniques. The capital budgeting techniques used in the study are net present value (NPV) and returns above specified costs (RASC). Modified crop enterprise budgets incorporating drip irrigation are developed based on data from Texas AgriLife Extension Service crop enterprise budgets and published literature focusing on costs and returns of drip irrigation. The quadratic programming technique considers risk and incorporates the modified crop enterprise budgets to estimate a cropping pattern that maximizes the net income above specified costs for the region. The RASC per acre for drip-irrigated crops ranged from $56.34 to $1,909.03, while the RASC per acre for flood-irrigated crops ranged from $142.51 to $1,488.12. Flood-irrigated onions, cotton, and sugarcane had higher RASCs per acre, while the RASCs were greater for drip-irrigated grapefruit and oranges. Evaluating the NPV of the crops resulted in similar results; only grapefruit and oranges were economically-feasible drip-irrigated crops. The baseline results identified levels of drip irrigation adoption ranging from 52,000 acres to 64,497 acres as levels of risk were varied. The level of water available at the reservoir suggested minimal impacts on the level of drip-irrigation adoption, but serious implications for the agriculture economy. Several sensitivity scenarios concentrated on the implications of yield response and water savings that result from the adoption of drip irrigation. The greatest amounts of drip-irrigated crops were present when the yield responses were 130% of the flood-irrigated crops with a 20% water savings. As the amount of water available was reduced, the amount of drip-irrigated crops ranged from 46,111 acres to 59,724 acres. Drip irrigation appears to be an economically-viable alternative in the LRGV due to the presence of drip-irrigated crops in the entire myriad of scenarios investigated in this research. If producers are only concerned with the bottom line as provided by the RASC analysis and no other variables such as water availability, risk, and crop rotations affecting the decision making process, only drip-irrigated grapefruit and oranges are economically competitive with conventional irrigation systems. The electronic version of this dissertation is accessible from http://hdl.handle.net/1969.1/148057
Mitigating Cotton Revenue Risk Through Irrigation, Insurance, And/or Hedging
Author: Elizabeth Hart BisePublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Texas is the leading U.S. producer of cotton, and the U.S. is the largest international market supplier of cotton. Risks and uncertainties plague Texas cotton producers with unpredictable weather, insects, diseases, and price variability. Risk management studies have examined the risk reducing capabilities of alternative management strategies, but few have looked at the interaction of using several strategies in different combinations. The research in this study focuses on managing risk faced by cotton farmers in Texas using irrigation, put options, and yield insurance. The primary objective was to analyze the interactions of irrigation, put options, and yield insurance as risk management strategies on the economic viability of a 1,000 acre cotton farm in the Lower Rio Grande Valley (LRGV) of Texas. The secondary objective was to determine the best combination of these strategies for decision makers with alternative preferences for risk aversion. Stochastic values for yields and prices were used in simulating a whole-farm financial statement for a 1000 acre furrow irrigated cotton farm in the LRGV with three types of risk management strategies. Net returns were simulated using a multivariate empirical distribution for 16 risk management scenarios. The scenarios were ranked across a range of risk aversion levels using stochastic efficiency with respect to a function. Analyses for risk averse decision makers showed that multiple irrigations are preferred, and that yield insurance is strongly preferred at lower irrigation levels. The benefits to purchasing put options increase with yields, so they are more beneficial when higher yields are expected from applying more irrigation applications.
A Regional Profitability Analysis of Field Crop Production in Texas
Author: Essays on Producer Profitability, Strategies, and Attitudes for Water Conservation in the Texas High Plains
Author: MariKate CrouchPublisher:
ISBN:
Category : Crops and water
Languages : en
Pages : 160
Book Description
Water is a vital resource for agricultural crop production in the Texas Panhandle and greater Texas High Plains Area. This semi-arid region relies almost solely on the Ogallala Aquifer as the primary source of water. Three studies were conducted to evaluated producer profitability, water management strategies, and producers' attitudes towards water conservation for the region. Study one focuses on the top 26 counties, known as the Texas Panhandle. Producers in the area are evaluating new strategies to diversify their operations. Vegetable and vegetable seed production are examined for potential impacts on producers' profitability. Analyzing the feasibility of specialty high-value crops will allow producers to make informed decision regarding the addition of vegetables and vegetable seed to their operations. Yields, costs, and revenue from high tunnel productions systems are compared to the standard open field systems. The study suggests high tunnels produce higher yields, but require a higher initial investment cost. With the support of the USDA Natural Resource Conservation Service's High Tunnel Initiative program, producers can decrease their initial investment costs to increase overall profit. Agricultural production dominates water use in the area and is projected to account for 92 percent of total water use by 2020. Since agriculture is such an essential sector of the regional economy, prolonging irrigation capability through improvements in crop production methods is warranted. The area of concern and evaluation in study two consists of Texas' northernmost 21 counties where groundwater withdrawal rates continue to exceed the aquifer's recharge rate, resulting in less available irrigation resources. Within the region, seven counties in the Panhandle Water Planning Area of Texas are projected to incur water shortages in the 2020-2070 planning horizon. A regional analysis evaluating several agricultural water conservation strategies and combinations to address the decline of water use in the region is presented. The analysis examines potential water savings and implementation costs associated with the alternative strategies to provide useful information to stakeholders such as producers, groundwater conservation districts, and regional water planning groups. Study number three evaluates the counties within the greater Texas High Plains. Twenty producers were surveyed to obtain information on their water conservation management practices and attitude towards such efforts. Results indicated producers are implementing multiple irrigation technologies and management practices. Respondents were all concerned with the future water availability in the area. This study provided researchers feedback to reassess the survey for future studies.
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