IDEAS home Printed from https://ideas.repec.org/a/ags/joaaec/15407.html
   My bibliography  Save this article

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

Author

Listed:
  • 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(1), pages 1-12, July.
    • Handle: RePEc:ags:joaaec:15407
    DOI: 10.22004/ag.econ.15407
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/15407/files/26010275.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.15407?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Timothy J. Lowe & Paul V. Preckel, 2004. "Decision Technologies for Agribusiness Problems: A Brief Review of Selected Literature and a Call for Research," Manufacturing & Service Operations Management, INFORMS, vol. 6(3), pages 201-208.
    2. Trapp, James N., 1989. "The Dawning Of The Age Of Dynamic Theory: Its Implications For Agricultural Economics Research And Teaching," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(1), pages 1-11, July.
    3. Thang, Tran Cong & Burton, Michael P. & Brennan, Donna C., 2009. "Optimal replanting and cutting rule for coffee farmers in Vietnam," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 47638, Australian Agricultural and Resource Economics Society.
    4. Bhaskar, Arathi & Beghin, John C., 2007. "Decoupled Farm Payments and the Role of Base Updating Under Uncertainty," Working Papers 7350, Iowa State University, Department of Economics.
    5. Arathi Bhaskar & John C. Beghin, 2010. "Decoupled Farm Payments and the Role of Base Acreage and Yield Updating Under Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(3), pages 849-858.
    6. Howitt, Richard E. & Reynaud, Arnaud & Msangi, Siwa & Knapp, Keith C., 2002. "Calibrated Stochastic Dynamic Models for Resource Management," 2002 Annual meeting, July 28-31, Long Beach, CA 19620, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Mark E. Eiswerth & G. Cornelis Van Kooten, 2007. "Dynamic Programming and Learning Models for Management of a Nonnative Species," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 55(4), pages 485-498, December.
    8. Sawani, Mustafa A. & Finley, Robert M. & Kliebenstein, James B., 1986. "Impact Of Farm Indebtedness On Farm Income And Survival," 1986 Annual Meeting, July 27-30, Reno, Nevada 278069, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Janmaat, J. & vanKooten, G.C., 1992. "An Analysis of the Canadian Gross Revenue Insurance Plan for Southern Saskatchewan," WAEA/ WFEA Conference Archive (1929-1995) 321404, Western Agricultural Economics Association.
    10. James Nolan & Dawn Parker & G. Cornelis Van Kooten & Thomas Berger, 2009. "An Overview of Computational Modeling in Agricultural and Resource Economics," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 57(4), pages 417-429, December.
    11. Maynard, Leigh J. & Harper, Jayson K. & Hoffman, Lynn D., 1997. "Impact Of Risk Preferences On Crop Rotation Choice," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(1), pages 1-9, April.
    12. Olson, Kent D., 1998. "Precision Agriculture: Current Economic And Environmental Issues," Conference Papers 14487, University of Minnesota, Center for International Food and Agricultural Policy.
    13. Weisensel, Ward & Schoney, R.A. & Van Kooten, G.C., 1989. "The Relative Riskiness of Fixed Versus Flexible Crop Rotations in the Brown Soil Zone of Southwestern Saskatchewan," WAEA/ WFEA Conference Archive (1929-1995) 244981, Western Agricultural Economics Association.
    14. Lagerkvist, Carl Johan, 2000. "Agricultural Policy Uncertainty And Anticipatory Firm Level Adjustments," 2000 Annual meeting, July 30-August 2, Tampa, FL 21734, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Giardini, Giovanni, 1992. "The reform of the agricultural policy in the European Economic Community: an Italian farm simulation study," ISU General Staff Papers 1992010108000017587, Iowa State University, Department of Economics.
    16. Parveen Setia & Bengt Hyberg & Daniel Ugarte & Daryll Ray, 1997. "Planting flexibility: Implications for agricultural sustainability," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 3(3), pages 299-311, August.
    17. Mjelde, James W. & Harris, Wesley D. & Conner, J. Richard & Schnitkey, Gary D. & Glover, Michael K. & Garoian, Lee, 1992. "Existence Of Unique Limiting Probability Vectors In Stochastic Processes With Multiple Transition Matrices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(2), pages 1-11, December.
    18. Runge, C. Ford, 2006. "Agricultural Economics: A Brief Intellectual History," Staff Papers 13649, University of Minnesota, Department of Applied Economics.
    19. Winsten, Jonathan R. & Stokes, Jeffrey R., 2004. "The efficacy of controlling phosphorus loading: the case of management-intensive grazing," Agricultural Systems, Elsevier, vol. 79(3), pages 283-303, March.
    20. Weisensel, Ward P. & van Kooten, G. Cornelis, 1990. "Estimation Of Soil Erosion Time Paths: The Value Of Soil Moisture And Topsoil Depth Information," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(1), pages 1-10, July.

    More about this item

    Keywords

    Farm Management;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:joaaec:15407. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/saeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.