Date Available

12-7-2011

Year of Publication

2001

Document Type

Thesis

College

Agriculture

Department/School/Program

Agricultural Economics

Faculty

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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