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An Economic Analysis of Soybean Integrated Pest Management
Author(s) -
Greene Catherine R.,
Kramer Randall A.,
Norton George W.,
Rajotte Edwin G.,
Robert M. McPherson
Publication year - 1985
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1241077
Subject(s) - integrated pest management , pest analysis , pest control , attractiveness , dominance (genetics) , stochastic dominance , revenue , business , agricultural science , economics , econometrics , marketing , agronomy , biology , finance , psychology , biochemistry , gene , psychoanalysis
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.