IDEAS home Printed from https://ideas.repec.org/a/bla/jageco/v53y2002i1p82-100.html
   My bibliography  Save this article

Farmer Decision‐Making with Conflicting Goals: A Recursive Strategic Programming Analysis

Author

Listed:
  • Michael T. Wallace
  • Joan E. Moss

Abstract

This paper concerns the analysis of farmers' goal trade‐offs using a series of representative dairying and beef/sheep farm models. The models employ an adaptive feedback structure and expectations model to track adjustment processes over a seven‐year planning horizon, 1991/92 to 1997/98. Model solutions, under a conventional profit maximising objective function, and using a weighted goal programming formulation, under a series of empirically specified alternative goal orientations, are examined and compared. The paper identifies significant variation among farm families in terms of ability to attain key goals concerning farm profitability, family consumption, farm investment, growth and cash flow. The results quantify the trade‐off between family consumption and farm investment/growth goals.

Suggested Citation

  • Michael T. Wallace & Joan E. Moss, 2002. "Farmer Decision‐Making with Conflicting Goals: A Recursive Strategic Programming Analysis," Journal of Agricultural Economics, Wiley Blackwell, vol. 53(1), pages 82-100, March.
    • Handle: RePEc:bla:jageco:v:53:y:2002:i:1:p:82-100
    DOI: 10.1111/j.1477-9552.2002.tb00007.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1477-9552.2002.tb00007.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1477-9552.2002.tb00007.x?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
    ---><---

    More about this item

    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:bla:jageco:v:53:y:2002:i:1:p:82-100. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0021-857X .

    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.