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 language | English |
|---|---|
| Title of host publication | System solutions for complex problems |
| Subtitle of host publication | Proceedings of the 20th Australian Agronomy Conference, Toowoomba, Queensland, 18-22 September, 2022 |
| Editors | Bell L., Bhagirath C. |
| Publisher | Australian Society of Agronomy |
| Number of pages | 4 |
| Publication status | Published - 01 Feb 2022 |
| Event | 20th Australian Agronomy Conference - Empire Theatre, Toowoomba, Australia Duration: 18 Sept 2022 → 22 Sept 2022 https://agronomyconference.com/ https://www.agronomyaustraliaproceedings.org/index.php/2022 (Proceedings) https://az659834.vo.msecnd.net/eventsairseasiaprod/production-expertevents-public/8313fc094e3043ceadc259e62364da10 (Program) |
Conference
| Conference | 20th Australian Agronomy Conference |
|---|---|
| Abbreviated title | System solutions for complex problems |
| Country/Territory | Australia |
| City | Toowoomba |
| Period | 18/09/22 → 22/09/22 |
| Other | 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. |
| Internet address |