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Dynamic programming techniques were used to evaluate the effects of alternative levels of normal flex acreage requirements on a Midwestern corn-soybean farm and a Southeastern cotton farm. Results indicate that increasing normal flex acres from the current level of 15 percent to 35 percent would...
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Linear programming and enterprise budgeting were used to analyze rotation options, including an energy crop (intercropped grain sorghum and velvet bean), for a representative south Alabama farm. The energy crop was priced beginning at $30.00 per ton, at which price it did not enter the solution....
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Optimal crop and livestock mix was determined for a representative Alabama farm using a dynamic programming model. Results indicate that decisions concerning livestock production are highly influenced by the amount of cotton base available on the farm. In most cases, increasing cotton base...
Persistent link: https://www.econbiz.de/10005801902
Mixed integer programming and dynamic programming models were used to obtain the implicit economic value of the initial endowment of base acreage on a cotton farm. While low levels of initial base have almost no impact on land value, high levels can be worth a considerable premium, with the...
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Economic returns to stocker production were estimated using results of a grazing experiment. If resources to buy cattle are not limited, traditional ownership was superior to contract grazing under all but extremely unfavorable price spreads. If capital to purchase stockers is limited, contract...
Persistent link: https://www.econbiz.de/10005500208