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

Pierre-Justin Kouka, Patricia A. Duffy and C. Robert Taylor

Journal of Agricultural and Applied Economics, 1994, vol. 26, issue 01, 12

Abstract: 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.

Keywords: Farm; Management (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15407

DOI: 10.22004/ag.econ.15407

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