LONG-TERM PLANNING OF A LIVESTOCK-CROP FARM UNDER GOVERNMENT PROGRAMS

Optimal crop and livestock mix was determined for a representative Alabama farm using a dynamic programming model. Results indicate that decisions concerning livestock production are highly influenced by the amount of cotton base available on the farm. In most cases, increasing cotton base results in less cattle production. The triple base provisions of the 1990 Farm Bill, however, may give some cotton farmers an incentive to produce more stocker cattle during the winter months. Research results also indicate that the availability of farm programs can alter the optimal enterprise mix on a farm with no beginning base in cotton.


Subject(s):
Issue Date:
1994-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15407
Published in:
Journal of Agricultural and Applied Economics, Volume 26, Number 1
Page range:
275-286
Total Pages:
12




 Record created 2017-04-01, last modified 2017-08-23

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