Conferences
Visualizing Cotton Price/Production Risk Under Alternative Risk Management Scenarios
John Robinson
Summary
This poster will display and interpret graphical displays of simulated cotton net returns under risk from historical prices and yields. The simulation results are part of an ongoing RMA-ERS-Texas A&M collaboration studying risk mitigation of irrigated crops in South Texas. This latter project provides an opportunity to create visual displays of risky outcomes for a grower audience. Cotton is chosen as a case study because of the available risk management alternatives: full and deficit irrigation, selected marketing strategies, selected insurance products, and farm policy. The visual displays will highlight the differences between alternative risk mitigation strategies on the average level and variability of cotton returns. The poster will also describe how these visual displays can be created and incorporated into Extension Education programs. Creation of these visual displays using MS Excel add-ons should be of interest to Extension Economists involved in integrated risk management education.
Details
| Conference | 2005 National Extension Risk Management Education Conference |
| Presentation Type | Poster |