Abstract
The type ofpest management strategy a farmer chooses is influenced by the amount of risk associated with alternative strategies. This paper examines the attractiveness of alternative pest management strategies used on a representative Virginia soybean farm. Probability distfibutions of net revenue associated with alternative pest control options are simulated and then compared using generalized stochastic dominance criteria. Results suggest risk-averse and, in some cases, risk-preferring farmers would prefer strategies which incorporate an integrated pest management approach to pest control rather than one which relies completely on chemical pest control.
Original language | English (US) |
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Pages (from-to) | 567-572 |
Number of pages | 6 |
Journal | American Journal of Agricultural Economics |
Volume | 67 |
Issue number | 3 |
DOIs | |
State | Published - Aug 1985 |
All Science Journal Classification (ASJC) codes
- Agricultural and Biological Sciences (miscellaneous)
- Economics and Econometrics