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Long-Term Planning Of A Livestock-Crop Farm Under Government Programs

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  • Kouka, Pierre-Justin
  • Duffy, Patricia A.
  • Taylor, C. Robert

Abstract

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 results in less cattle production. The triple base provisions of the 1990 Farm Bill, however, may give some cotton farmers an incentive to produce more stocker cattle during the winter months. Research results also indicate that the availability of farm programs can alter the optimal enterprise mix on a farm with no beginning base in cotton.

Suggested Citation

  • Kouka, Pierre-Justin & Duffy, Patricia A. & Taylor, C. Robert, 1994. "Long-Term Planning Of A Livestock-Crop Farm Under Government Programs," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(01), pages 1-12, July.
    • Handle: RePEc:ags:joaaec:15407
    DOI: 10.22004/ag.econ.15407
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    References listed on IDEAS

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    1. Oscar R. Burt & John R. Allison, 1963. "Farm Management Decisions With Dynamic Programming," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 45(1), pages 121-136.
    2. Patricia A. Duffy & C. Robert Taylor, 1994. "Effects on a Corn-Soybean Farm of Uncertainty about the Future of Farm Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(1), pages 141-152.
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