Risk Analysis and Sustainability of Alternative Crop Production Systems
Agriculture is the mainstay of Pakistan’s economy. Being the lynchpin of the country’s economy, it continues to be the single largest sector and a central driving force for growth and development of the national economy. It accounts for 24 per cent of the GDP and employs 48.4 per cent of the total workforce. Agriculture contributes to growth as a supplier of raw materials to industry as well as a market for industrial products, and also contributes substantially to Pakistan’s exports earnings (GOP, 2003). Almost 67.5 per cent of the country’s population are living in rural areas and are directly or indirectly linked with agriculture for their livelihood. Any improvement in agriculture will not only help the country’s economic growth to rise at a faster rate, but will also benefit a large segment of the country’s population.
KeywordsClay Corn Income Aeration Volatility
Unable to display preview. Download preview PDF.
- Anderson, J.R. and Griffith, W.E. (1982) ‘Production Risk and Efficient Allocation of Resources’, Australian Journal of Agriculture Economics, vol. 26(3) (December).Google Scholar
- Aslam, M.A. Majid, Hashmi, N.I. and Hobbs, P.R. (1993) ‘Improving Wheat Yield in Rice-Wheat Cropping System for the Punjab through Zero Tillage’, Pakistan Journal of Agricultural Reviews, vol. 14(1), pp. 8–11.Google Scholar
- Barry, P.J. (1984) Risk Management in Agriculture (Illinois: University of Illinois Press), pp. 24–5.Google Scholar
- Govt. of Pakistan (2004) Economic Survey 2003–04, Finance Division, Economic Advisor’s Wing, Ministry of Finance, Islamabad.Google Scholar
- Griffith, D.R. et al (1982) A Guide to No-till Planting after Corn and Soybean, Cooperative Extension Service Publication, ID-154 Purdue University, USA.Google Scholar
- Hussain, M. (2000) Economic Evaluation of No-tillage Cotton in the Brown Loam Area of Mississippi, PhD dissertation, Department of Agricultural Economics, Mississippi State University, USA.Google Scholar
- Kay, R.D. (1986) Farm Management: Planning, Control, and Implementation, 2nd edn (New York: McGraw-Hill).Google Scholar
- Leohman, E. and Nelson, C. (1992) ‘Optimal Risk Management, Risk Aversion, and Production Function Properties’, Journal of Agriculture and Resource Economics, vol. 17(2), pp. 219–31.Google Scholar
- Mohsin, M. (2004) Estimation of Wheat Production, Forecasting and Risk Analysis with Special Reference to District Jhang, MSc thesis, Department of Agricultural Economics, University of Agriculture, Faisalabad, Pakistan.Google Scholar
- Palisade (2004) Guide to Using BestFit, Palisade Corporation, New York, USA.Google Scholar
- Palisade (2004) Guide to Using @Risk, Palisade Corporation, New York, USA.Google Scholar
- Todaro, M.P. (1997) Economic Development, 7th edn (New York: New York University Press), pp. 762, 768.Google Scholar