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Analysis of Irrigated Corn Production Adoption Decisions in Alabama

Author

Listed:
  • Novak, James L.
  • Nadolnyak, Denis A.
  • McNider, Richard
Abstract
Expanding ethanol markets, abundance of water resources, and predominance of rainfed corn production in Alabama suggest possibility of irrigating cornfields. Numerical analysis shows that irrigated production becomes more preferable with higher corn prices and risk aversion. Adoption threshold is estimated at the price below its current level.

Suggested Citation

  • Novak, James L. & Nadolnyak, Denis A. & McNider, Richard, 2008. "Analysis of Irrigated Corn Production Adoption Decisions in Alabama," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6756, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaed:6756
    DOI: 10.22004/ag.econ.6756
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    References listed on IDEAS

    as
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    6. Barry K. Goodwin & Alan P. Ker, 1998. "Nonparametric Estimation of Crop Yield Distributions: Implications for Rating Group-Risk Crop Insurance Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(1), pages 139-153.
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    Cited by:

    1. Affuso, Ermanno & Hite, Diane, 2013. "A model for sustainable land use in biofuel production: An application to the state of Alabama," Energy Economics, Elsevier, vol. 37(C), pages 29-39.

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    Keywords

    Agribusiness; Crop Production/Industries; Land Economics/Use;
    All these keywords.

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