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Variable Resource Programming for Appraising Farm Adjustment Opportunities

Author

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  • Bolton, Bill

Abstract

Economists are faced with the continual need for reliable estimates of farmers' aggregate supply response. They search accordingly for procedures that will reduce the computational burden and strengthen the reliability of these estimates. The author describes how the "variable resource programming" technique can be used to help alleviate a major problem encountered when "representative" farms are analyzed to generate aggregate information. This is the problem of determining the proper kind and number of farms to include in the analysis. The article also illustrates how variable resource programming can contribute a wealth of information pertaining to other production research problems, such as determining the optimum combination of enterprises for specific farm resource situations.

Suggested Citation

  • Bolton, Bill, 1964. "Variable Resource Programming for Appraising Farm Adjustment Opportunities," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 16(1), pages 1-12, January.
    • Handle: RePEc:ags:uersja:145823
    DOI: 10.22004/ag.econ.145823
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    File URL: https://ageconsearch.umn.edu/record/145823/files/3Bolton_16_1.pdf
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    Cited by:

    1. Ogunfowora, Olabisi, 1972. "Derived resource demand, product supply and farm policy in the North Central State of Nigeria," ISU General Staff Papers 197201010800006945, Iowa State University, Department of Economics.

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