Potential of alternative production practices and rental arrangements for risk management of both landlord and tenant, individually and jointly, is examined. Mathematical programming and simulation is used to study a hypothetical Arkansas soybean producer. Results indicate importance of lease...

This paper reviews the features and uses of some recent biophysical and bioeconomic simulation models in agricultural economics research. Problems associated with earlier models are discussed and the extent to which recent simulators have addressed these concerns is appraised. Some salient...

Identifying the least-cost strategy of obtaining a technology is important. This study determined the break-even cropped area necessary to economically justify the purchase of Precision Agriculture (PA) equipment versus the custom hiring of the PA services. The results suggest that a commercial...

The economic potential of innovative variable rate planting date for profitability and risk reduction is examined in a whole farm management setting. A mixed integer, quadratic programming model using a mean-variance (E-V) framework is used to represent the precision agriculture issues of...

Recent legislation has cleared the way for subsidized livestock price insurance. Such programs could increase production. Expected feeder cattle prices with and without subsidized insurance will be analyzed using E-V and Stochastic Dominance. Results will highlight the potential effects of the...

One of the potential management practices of precision agriculture (PA) is the capability of varying input application rate across a field. A potential benefit of that practice is the reduction in yield variability. Temporal reduction in yield variability can also be achieved through irrigation...

A warehouse location model was utilized in order to expand upon previous research. The aim was to more accurately depicting the optimal location for an agribusiness firm providing precision agriculture technologies in the state of Kentucky. It was determined that the optimal solution was...

Government subsidies designed to encourage cotton production in Benin have resulted in unsustainable agricultural production practices. Properly introduced, precision farming technology can help farmers improve their management practices and stop the damages being done to the environment. An...