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Optimal Marketing of Nursery Crops from Container-Based Production Systems

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  • James W. Mjelde
  • Charles R. Hall

Abstract

Optimal production and marketing decisions for a nursery producing ornamental plants from a container-based production system are determined. The stochastic dynamic programming model developed captures the existence of a value-added, serial-stage production process with multiple products and intra- and interyear dynamics. Results suggest price differentials play an important role in determining the optimal size of plant to market. Further, federal taxes are important for determining the optimal production and marketing decisions while discounting and state taxes play minor roles. Analysis of the transition probability matrices associated with the optimal decisions indicate that the long-run behavior of the system can be generalized. Copyright 1997, Oxford University Press.

Suggested Citation

  • James W. Mjelde & Charles R. Hall, 1997. "Optimal Marketing of Nursery Crops from Container-Based Production Systems," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 235-245.
    • Handle: RePEc:oup:ajagec:v:79:y:1997:i:1:p:235-245
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    File URL: http://hdl.handle.net/10.2307/1243957
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    Cited by:

    1. Cheng, Mei-luan & Gomez, Miguel I. & Bills, Nelson L., 2011. "Urban Agglomeration Economies in the U.S. Greenhouse and Nursery Production," Working Papers 126611, Cornell University, Department of Applied Economics and Management.
    2. Kusumastuti, Ratih Dyah & Donk, Dirk Pieter van & Teunter, Ruud, 2016. "Crop-related harvesting and processing planning: a review," International Journal of Production Economics, Elsevier, vol. 174(C), pages 76-92.
    3. Ahumada, Omar & Villalobos, J. Rene, 2009. "Application of planning models in the agri-food supply chain: A review," European Journal of Operational Research, Elsevier, vol. 196(1), pages 1-20, July.

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