This study evaluated alternative irrigation scheduling strategies for cotton and soybean production on Sharkey clay soils in southeast Arkansas. Strategies were ranked on the basis of two basic criteria: expected net revenue and risk efficiency. Risk efficiency was defined for different risk preferences using stochastic dominance techniques. Preferred strategies for cotton employed tensiometer thresholds between -.45 atm and -.75 atm. Risk efficient soybean irrigation strategies varied with the degree of risk aversion--more risk averse decision makers prefer strategies with lower thresholds
