Theses and Dissertations

Issuing Body

Mississippi State University


Park, Eunchun

Committee Member

Stevens, Andrew W.

Committee Member

Petrolia, Daniel R.

Committee Member

Yun, Seong

Date of Degree


Document Type

Graduate Thesis - Open Access


Agricultural Economics

Degree Name

Master of Science


College of Agriculture and Life Sciences


Department of Agricultural Economics


Agricultural economists have long studied crop yields and risk to help farm-level risk management. Producers face difficult decisions every year regarding market prices, management practices, and the uncertainty of weather. In our research, we use crop yield records while incorporating the modern portfolio theory to find the optimal planting portfolios giving a specific risk level. Our assets are on corn, cotton, and soybeans yields from the Mississippi Delta region. This study is unique because there are not any previous studies using crop histories linked to the modern portfolio theory. The main idea is to realize how much of each asset or what percentage to invest in out of the specific portfolio. By having these portfolios readily available for farmers, we aim to diminish the risk to help producers with springtime decision-making. Armed with these findings, we can better understand the economic implications of how crop rotations factor into farm-level risk management.



Mississippi Soybean Promotion Board


Risk Management||Modern Portfolio Theory||Crop Rotations||Crop Histories