Optimality Conditions of Agricultural Production With Fixed Input Costs

Angel Ramon Sanchez Delgado and Sergio Drumond Ventura

Journal of Agricultural Studies, 2021, vol. 9, issue 2, 151-170

Abstract: We present a computational procedure to maximize the production of a given agricultural crop with limited inputs (water-nitrogen), and where a fixed cost (or expense) of the inputs (general problem of agricultural production) is imposed. Theoretically the procedure is based on the Karush-Kuhn-Tucker optimality conditions and numerically was tested with three different scenarios defined in the literature, for the cultures- Lettuce, Oats, Onions and Melons. In each agricultural scenario considered, it was possible to verify that the procedure is a reliable alternative in making agribusiness economic decisions.

Date: 2021
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