Optimal Allocation and Scheduling of Irrigation Water for Cotton and Soybeans

摘要

The 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.