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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>Department of Agricultural and Applied Economics>Faculty Series
Faculty Series
11-02
Formato:  30
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