Date Available

12-7-2011

Year of Publication

2001

Document Type

Thesis

College

Agriculture

Department

Agricultural Economics

First Advisor

Kimberli A. Zeuli

Abstract

Special purpose crops are those with traits designed to meet the specificdemands of an end user. A mean-variance (E-V) mathematical programming modeland sensitivity analysis are used to quantify and discuss the potential net returns andrisk associated with the adoption of special purpose crops at the farm level.Furthermore, a spreadsheet-based decision aid is developed to assist farmers in thedecision of whether or not to produce high-oil corn on their operation.Results from this study indicate that the profitability of high-oil corn is verymarginal, dependent upon the ability of the crop to yield as well as conventional corn,and gain significant premiums. The potential of marketing this crop through aproducer-owned cooperative seems promising.

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