This paper has studied the autoregressive integrated moving-average (ARIMA) model, generalized autoregressive conditional heteroscedastic (GARCH) model and exponential GARCH (EGARCH) model along with their estimation procedures for modelling and forecasting of three price series, namely domestic and international edible oils price indices and the international cotton price 'Cotlook A' index. The Augmented Dickey-Fuller (ADF) and Philips Peron (PP) tests have been used for testing the stationarity of the series. Lagrange multiplier test has been applied to detect the presence of autoregressive conditional heteroscedastic (ARCH) effect. A comparative study of the above three models has been done in terms of root mean square error (RMSE) and relative mean absolute prediction error (RMAPE). The residuals of the fitted models have been used for diagnostic checking. The study has revealed that the EGARCH model outperformed the ARIMA and the GARCH models in forecasting the international cotton price series primarily due to its ability to capture asymmetric volatility pattern. The SAS software version 9.3 has been used for data analysis.
Conservation agriculture (CA)-based practices have been promoted and recouped, as they hold the potential to enhance farm profits besides a consistent improvement in soil properties. A 7 years' field experiment consisting of three crop establishment practices viz., zero-till flatbed (ZTFB), permanent beds (PNB), conventional system (CT) along with the three-nutrient management; nutrient expert-based application (NE), recommended fertilization (RDF), and farmers’ fertilizer practice (FFP), was carried out from 2013 to 2020. The CA-based practices (ZTFB/PNB) produced 13.9–17.6% greater maize grain-equivalent yield (MGEY) compared to the CT, while NE and RDF had 10.7–20% greater MGEY than the FFP. PNB and ZTFB gave 28.8% and 24% additional net returns than CT, while NE and RDF had 22.8% and 17.4% greater returns, respectively over FFP. PNB and ZTFB had 2.3–4.1% (0.0–0.20 m soil layers) lower bulk density than the CT. Furthermore, microbial biomass carbon (MBC) increased by 8–19% (0.0–0.50 m soil layers) in ZTFB/PNB over the CT, and by 7.6–11.0% in NE/RDF over FFP. Hence, CA-based crop establishment coupled with the NE or RDF could enhance the yields, farm profits, soil properties of the maize–chickpea rotation, thereby, could sustain production in the long run.
Field experiments were conducted to evaluate eight different integrated crop management (ICM) modules for 5 years in a maize-wheat rotation (MWR); wherein, ICM1&2-ˈbusiness-as-usualˈ (conventional flatbed maize and wheat, ICM3&4-conventional raised bed (CTRB) maize and wheat without residues, ICM5&6-conservation agriculture (CA)-based zero-till (ZT) flatbed maize and wheat with the residues, and ICM7&8- CA-based ZT raised bed maize and wheat with the residues. Results indicated that the ICM7&8 produced significantly (p < 0.05) the highest maize grain yield (5 years av.) which was 7.8–21.3% greater than the ICM1-6. However, across years, the ICM5-8 gave a statistically similar wheat grain yield and was 8.4–11.5% greater than the ICM1-4. Similarly, the CA-based residue retained ICM5-8 modules had given 9.5–14.3% (5 years av.) greater system yields in terms of maize grain equivalents (MGEY) over the residue removed CT-based ICM1&4. System water productivity (SWP) was the highest with ICM5-8, being 10.3–17.8% higher than the ICM1-4. Nevertheless, the highest water use (TWU) was recorded in the CT flatbed (ICM1&2), ~ 7% more than the raised bed and ZT planted crops with or without the residues (ICM4-8). Furthermore, the ICM1-4 had produced 9.54% greater variable production costs compared to the ICM5-8, whereas, the ICM5-8 gave 24.3–27.4% additional returns than the ICM1-4. Also, different ICM modules caused significant (p < 0.05) impacts on the soil properties, such as organic carbon (SOC), microbial biomass carbon (SMBC), dehydrogenase (SDH), alkaline phosphatase (SAP), and urease (URE) activities. In 0.0–0.15 m soil profile, residue retained CA-based (ICM5-8) modules registered a 7.1–14.3% greater SOC and 10.2–17.3% SMBC than the ICM1-4. The sustainable yield index (SYI) of MWR was 13.4–18.6% greater under the ICM7&8 compared to the ICM1-4. Hence, this study concludes that the adoption of the CA-based residue retained ICMs in the MWR could sustain the crop yields, enhance farm profits, save water and improve soil properties of the north-western plans of India.
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