Evaluating Dryland Crop/Livestock System Alternatives for Risk Management under Declining Irrigation in the Texas Panhandle

Abstract

Production budgets for dryland crop and crop/livestock systems are developed to estimate yields, costs and returns for dryland wheat and sorghum and for alternative dryland crop/livestock systems. A crop simulation model aids yield estimation. The yield and return distributions are used to estimate risk and relative risk for included alternatives.Relative Risk, Ogallala Aquifer, Crop-Livestock Systems, Wheat, Sorghum, Crop Production/Industries, Farm Management, Livestock Production/Industries, Production Economics, Productivity Analysis,