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Economic Aspects Of The Optimum Replacement Of Seedling Tea By Higher Yielding Clonal Varieties

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  • Botha, P. J.
  • van Zyl, J.

Abstract

This article concentrates on the optimal replacement of seedling tea by higher yielding clonal varieties. A hypothetical 500ha tea estate under seedling tea is used for this purpose. Representative yields, revenues, costs and replacement data with respect to the hypothetical 500ha tea estate are discussed first. This is followed by a gross margin analysis. However, as this produces only partial answers which may be misleading, a whole farm approach to the replacement problem is subsequently taken. Dynamic linear programming is used to derive economically optimal replacement strategies over a 30 year planning horizon, given certain yield and price scenarios. Some conclusions are also drawn.

Suggested Citation

  • Botha, P. J. & van Zyl, J., 1992. "Economic Aspects Of The Optimum Replacement Of Seedling Tea By Higher Yielding Clonal Varieties," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 31(2), June.
    • Handle: RePEc:ags:agreko:267517
    DOI: 10.22004/ag.econ.267517
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    References listed on IDEAS

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    1. Oscar R. Burt, 1965. "Optimal Replacement under Risk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(2), pages 324-346.
    2. J. W. L. Winder & G. I. Trant, 1961. "Comments on "Determining the Optimum Replacement Pattern"," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 43(4_Part_I), pages 939-951.
    3. J. Edwin Faris, 1960. "Analytical Techniques Used in Determining the Optimum Replacement Pattern," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 42(4), pages 755-766.
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