Risk and Nitrogen Application Levels

@article{Rajsic2009RiskAN,
  title={Risk and Nitrogen Application Levels},
  author={Predrag Rajsic and A. Weersink and M. Gandorfer},
  journal={Canadian Journal of Agricultural Economics-revue Canadienne D Agroeconomie},
  year={2009},
  volume={57},
  pages={223-239}
}
"Stochastic weather and soil conditions are the suggested reasons why farmers tend to apply more than the recommended levels of nitrogen. This study found that uncertainty plays a role in the application decision of farmers but not in the manner typically assumed. Using a time series of field trials of corn yield to nitrogen for the same site, nitrogen was found to be a risk-increasing input suggesting that uncertainty should decrease, rather than increase, a risk-averse farmer's rate of… Expand
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References

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