Business risk profiles for irrigated cotton in the Murrumbidgee catchment of Southern New South Wales

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Abstract

The profitability of irrigated cotton is linked to the cost of water which in turn is connected to weather variability, particularly rainfall and storage in the dams. The present study integrates multivariate distributions of risk posed by weather and price variations over time to define business risk profiles that show the probabilities of losses and gains in the Murrumbidgee catchment of Southern NSW. The study takes into account the non-linear dependence between the six key input variables, including price and yield of cotton, and the application and price of low security water and their impacts on profitability. These results highlight the risk profiles of a typical irrigated cotton farm's gross margin overtime on a per
megalitre basis.
Original languageEnglish
Title of host publicationSystem solutions for complex problems
Subtitle of host publicationProceedings of the 20th Australian Agronomy Conference, Toowoomba, Queensland, 18-22 September, 2022
Editors Bell L., Bhagirath C.
PublisherAustralian Society of Agronomy
Number of pages4
Publication statusPublished - 01 Feb 2022
Event20th Australian Agronomy Conference - Empire Theatre, Toowoomba, Australia
Duration: 18 Sep 202222 Sep 2022
https://agronomyconference.com/
https://www.agronomyaustraliaproceedings.org/index.php/2022 (Proceedings)
https://az659834.vo.msecnd.net/eventsairseasiaprod/production-expertevents-public/8313fc094e3043ceadc259e62364da10 (Program)

Conference

Conference20th Australian Agronomy Conference
Abbreviated titleSystem solutions for complex problems
Country/TerritoryAustralia
CityToowoomba
Period18/09/2222/09/22
OtherOn behalf of the Australian Society of Agronomy it is a great pleasure and honour to invite you all to attend the 20th Australian Agronomy Conference, to be held from 18—22 September 2022 both in-person in Toowoomba and also virtually.

The theme of the conference is System Solutions for Complex Problems. The theme underpins the need to strengthen collaborations between practitioners and researchers from a wide range of disciplinary backgrounds to address increasingly complex problems and uncertainties. So, the question is not If, but when and how, multidisciplinary collaborations will be developed.

The 20th Australian Agronomy Conference will feature leading international and national speakers addressing issues such as the need to foster soil biology for enduring profitability, carbon sequestration, herbicide resistance, and the interwoven relationships between food production, energy and the environment. We will discuss and share our latest research findings amongst circa 300 agronomists from Australia and the world, as well as farmers, consultants, agribusinesses and farmer peak bodies.
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