Using Portfolio Theory to Enhance Wheat Yield Stability in Low-Income Nations: An Application in the Yaqui Valley of Northwestern Mexico

Using Portfolio Theory to Enhance Wheat Yield Stability in Low-Income Nations: An Application in the Yaqui Valley of Northwestern Mexico

This study applies portfolio theory to wheat varietal selection decisions in order to find risk-minimizing outcomes while holding historical yields constant. Potential correlation across wheat cultivar yields increases the complexity of cultivar selection decisions, with gains in one attribute (yiel...

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Bibliographic Details
Main Authors: Lawton Lanier Nalley, Andrew P. Barkley
Format: Article
Language:English
Published: Western Agricultural Economics Association 2010-08-01
Series:Journal of Agricultural and Resource Economics
Subjects:
optimal variety selection
portfolio analysis
wheat
Online Access:https://ageconsearch.umn.edu/record/93223

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