A TARGET MOTAD ANALYSIS OF A CROP AND LIVESTOCK FARM IN JEFFERSON COUNTY, FLORIDA

An analysis of a typical crop and livestock farm in North Florida is presented. The analysis incorporates the potential competition and complementarity among crop and beef cattle enterprises. A Target MOTAD model is developed to account for risk in a decision framework. The results indicate that when income risk is ignored, peanuts, watermelon, and stocker cattle are the only enterprises included in the optimal solution. When income risk is heavily weighted, the optimal solution includes peanuts, watermelon, stocker cattle, cow-calf, and irrigated soybeans. The results suggest that the persistence of cow-calf production may be explained as a stabilizer of income.


Subject(s):
Issue Date:
1986-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/29788
Published in:
Southern Journal of Agricultural Economics, Volume 18, Number 2
Page range:
175-185
Total Pages:
11




 Record created 2017-04-01, last modified 2017-12-15

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