Manitoba Agricultural Policy and Economic Analysis Internships
- Whole Farm
Collaborating LocationsUniversity of Manitoba
As part of ongoing marketing and policy analysis internships, in the spring of 2021, MSc student Kezheng Bai proposed to estimate regional differences on the various crop rotations on farm profitability by region in Manitoba. The basic analysis would be based on previous work by Manitoba Agricultural Services Corporation and by Liu Yang, a previous intern in the program.
Kezheng analyzed the incomes of farms from the different risk areas using the Monte-Carlo simulations with variations in yield impacts from previous crop and other random variable generated from the distributions of these variables as collected and estimated by Yang. The simulation analysis covered yield risks and price risks that affect the farms’ incomes.
- Training of highly qualified personnel
- Conduct economic analysis on topics of importance to the agricultural industry in Manitoba.
- Different Risk Areas have unique optimal crops rotations
- Soy, oat and canola play a dominate role in profitable crop rotations in Risk Areas 12
- In less productive areas (Risk area 1 and 10), spring wheat, canola, oat, soy and corn are in top crop rotations
- Spring wheat is considered a weather resilient crop
- Soybean showed up in optimal rotations of each chosen risk area