Data/hora: 13/06/2024 08:38:37

Provedor de dados: 	31	
País: 	United States	
Título: 	A Dynamic Optimal Crop Rotation Model in Acreage Response	
Autores: 	Cai,   Ruohong; Bergstrom,   John C.; Mullen,   Jeffrey D.; Wetzstein,   Michael E.	
Data: 	2011-05-04	
Ano: 	2011	
Palavras-chave: 	Crop rotation; Acreage response; Bellman equation; Crop Production/Industries; Research Methods/ Statistical Methods.	
Resumo: 	This paper presents a dynamic crop rotation model that shows how crop yield and price volatility could impact crop mix and acreage response under crop rotation considerations. Specifically, a discrete Markov decision model is utilized to optimize producers’ crop rotation decision within a finite horizon. By maximizing net present value of expected current and future profits, a modified Bellman equation helps develop optimum planting decisions. This model is capable of simulating crop rotations with different lengths and structures. Specifically, the corn-soybeans rotations were simulated using the crop rotation model.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/103949	
Relação: 	University of Georgia&gt;Department of Agricultural and Applied Economics&gt;Faculty Series

Faculty Series

11-02	
Formato: 	30