Risk analysis of crop production systems including winter and summer annual forages under no-tillage
Keywords:
net return, mean-variance, stochastic dominance.Abstract
From 1995/96 up to 1999/00, in Passo Fundo, RS, Brazil, crop production systems including winter and summer annual pasture under no-tillage were assessed. Six production systems were evaluated: system I (wheat/ soybean, black oats + common vetch pasture/com); system II (wheat/soybean, black oats + common vetch + ryegrass pasture/corn); system III (wheat/soybean, black oats + common vetch pasture/pearl millet pasture); system IV (wheat/soybean, black oats + common vetch + ryegrass pasture/pear) millet pasture), system V (wheat/soybean, white black/soybean, and oats + common vetch pasture/pearl millet pasture); and system VI (wheat/soybean, white black/soybean, and black oats + common vetch + ryegrass pasture/pear) millet). Two types of analysis were applied to the net return of production systems: mean-variance and risk analyses. The systems 1 and II presented h igher net return per hectare by the mean-variance analysis. The system II was the best production system to be offered as alternative to the farmers for profit and lower risk standpoints by the stochastic dominance analysis.
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