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| Musser, Wesley N.; Alexander, Vickie J.; Tew, Bernard V.; Smittle, Doyle A.. |
| Rotations have historically been used to alleviate pest problems in crop production. This paper considers methods of modeling rotations in linear programming models for Southeastern vegetable production. In such models, entering each possible crop rotation as a separate activity can be burdensome because of the large numbers of possible rotational alternatives. Conventional methodology for double crop rotations reduces the number of activities but must be adapted to accommodate triple crop rotational requirements in vegetable production. This paper demonstrates these methods both for a simple example and an empirical problem with numerous rotation alternatives. While the methods presented in this paper may have computational disadvantages compared to... |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1985 |
URL: http://purl.umn.edu/29375 |
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| Alexander, Vickie J.; Musser, Wesley N.; Mason, George. |
| Incorporation of futures markets into the theory of the firm under uncertainty has received considerable attention in risk management. A theoretical model of optimal firm decisions in cash and futures markets considering price, production, and financial risks is presented. Production and marketing strategies for corn and soybeans in Georgia and Illinois are analyzed to determine the optimal amount of futures contracting which may be a hedge or a speculative position. A partial hedge is optimal for most situations for risk averse producers when the amount hedge is variable. With fixed quantity transactions, speculative and cash positions, but not hedging, tend to be E-V efficient. |
| Tipo: Journal Article |
Palavras-chave: Marketing. |
| Ano: 1986 |
URL: http://purl.umn.edu/29781 |
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