Economic Investigation of Crop Selection in the Southern Mississippi River Basin

The conventional ethanol mandates set forth by the renewable fuel standards in the Energy Independence and Security Act of 2007 resulted in increased demand for corn. This study compares the economic viability of planting corn in the Southern Mississippi River Basin (SMRB), an area traditionally cha...

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Bibliographic Details
Published in:Journal of the American Society of Farm Managers and Rural Appraisers 2018-01, p.173-191
Main Authors: Wright, Rodney, Griffin, Terry W., Guha, Gauri, Bouldin, Jennifer
Format: Article
Language:English
Subjects:
Agricultural economics
River basins
Rivers
Online Access:Get full text
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Summary:The conventional ethanol mandates set forth by the renewable fuel standards in the Energy Independence and Security Act of 2007 resulted in increased demand for corn. This study compares the economic viability of planting corn in the Southern Mississippi River Basin (SMRB), an area traditionally characterized by rice and cotton farms. The Purdue Crop-Linear Programming model analyzed financial data to optimize crop selection. The cropping optimization was performed at eight commodity price levels and three input cost levels for 24 scenarios. The investigation indicated corn competed favorably with established SMRB crops only at specific price/input cost levels (7 of the 24 scenarios).
ISSN:0003-116X