Wheat Variety Selection: An Application of Portfolio Theory in Colorado

Abstract

Summary statistics and the coefficients of variation are reported for the Northeast region and Southeast region of Colorado in Table 2 and Table 3, respectively. Because there are distinct differences in production levels between Northeast and Southeast Colorado, this study divides the data to develop separate wheat portfolios that are appropriate for the given region. Table 2. Selected Variety Summary Statistics: Northeast Colorado Region, 2000-2011 Variety Mean Annual Yield Standard Deviation Coefficient of Variation Min Max Observations Ripper 50.48 11.84 0.24 4.76 87.65 48 Bill Brown 49.61 11.93 0.24 12.34 84.31 40 Bond CL 49.38 13.33 0.27 10.91 97.26 51 Hatcher 49.09 13.37 0.27 2.17 97.61 56 TAM 111 47.83 15.48 0.32 4.17 101.27 47 Above 47.66 12.52 0.26 5.31 93.06 61 Jagger 46.60 10.85 0.23 13.57 93.17 61 Danby 46.24 14.26 0.31 3.83 83.45 40 Prairie Red 46.02 11.17 0.24 6.02 88.47 61 Jagalene 44.88 12.26 0.27 4.34 90.57 42 Yuma