| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
IMPACT OF CAPITAL ON THE GROWTH PROCESS OF A SUGARCANE FARM IN MPUMALANGA
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| Autores: |
Haile, B.O.
Grove, Bennie
Oosthuizen, L.K.
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| Data: |
2004-03-18
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| Ano: |
2003
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| Palavras-chave: |
Crop Production/Industries
Land Economics/Use
Research Methods/ Statistical Methods
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| Resumo: |
The research was conducted for a representative 50 ha farm in the Onderberg region in Mpumalanga province, where farmers use a combination of centre-pivot, drip, and dragline systems of different sizes to grow sugarcane. The main intention was to establish a multi-period linear programming model capable of economically evaluating a farm expansion decision making process for farmers faced with investment decisions in alternative irrigation systems, taking in to account the available initial capital of the farm. A linear programming (LP) model was used to assign a mainline for a total of twelve irrigation system combinations based on the assumption that the farmer wishes to start with a 30 ha centre-pivot investment. Generalized Algebraic Modelling System (GAMS) was used to formulate the farm growth model as mixed integer dynamic linear programming (MIDLP) for a 15 year planning horizon. Based on the results, farmers are initially forced to invest in lower cost irrigation systems when they lack capital to start a farm business due to the time value of money. They only consider lowering operating costs by investing in expensive irrigation systems when they have more own capital or borrowing capacity.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
12700
http://purl.umn.edu/19081
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| Editor: |
AgEcon Search
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| Relação: |
Agricultural Economic Association of South Africa (AEASA)>2003 Annual Conference, October 2-3, 2003, Pretoria, South Africa
41st Annual Conference of the Agricultural Economics Association of South Africa, CSIR conference centre, Pretoria, 2 October 2003.
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| Formato: |
13
application/pdf
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