Honors College Senior Thesis Presentations
Understanding Potential Profitability Estimates for Western Kentucky Grain Production
Academic Level at Time of Presentation
Senior
Major
Agribusiness
List all Project Mentors & Advisor(s)
Dr. Naveen Musunuru
Presentation Format
Oral Presentation
Abstract/Description
The objective of this project is to develop a model to predict profitability within the Western Kentucky grain markets, with a particular focus on corn and soybeans. The research was conducted utilizing historical data on production budgets, yields, and market prices spanning from 2007 to 2021. Through the course of this study, a series of simulations were conducted, which generated a broad range of potential profit outcomes. These profit ranges were subsequently converted into Probability Distribution Functions, offering a spectrum of probabilities ranging from 0% to 100%. The resulting outcomes , along with the supplementary simulation data, have the potential to serve as valuable tools for grain producers, helping them navigate external factors that may influence profitability during any given growing season.
Fall Scholars Week 2024 Event
Honors College Senior Thesis Presentations
Spring Scholars Week 2025
Honors College Senior Thesis Presentations
Understanding Potential Profitability Estimates for Western Kentucky Grain Production
The objective of this project is to develop a model to predict profitability within the Western Kentucky grain markets, with a particular focus on corn and soybeans. The research was conducted utilizing historical data on production budgets, yields, and market prices spanning from 2007 to 2021. Through the course of this study, a series of simulations were conducted, which generated a broad range of potential profit outcomes. These profit ranges were subsequently converted into Probability Distribution Functions, offering a spectrum of probabilities ranging from 0% to 100%. The resulting outcomes , along with the supplementary simulation data, have the potential to serve as valuable tools for grain producers, helping them navigate external factors that may influence profitability during any given growing season.
