Separable Programming for Considering Risk in Farm Planning

Wayne Thomas, Leroy Blakeslee, LeRoy Rogers and Norman Whittlesey

American Journal of Agricultural Economics, 1972, vol. 54, issue 2, 260-266

Abstract: This paper proposes use of separable programming for selecting farm enterprises which are efficient in terms of expected income and income variance. An empirical application on a croplivestock farm in the Columbia Basin of Washington is presented. The effects of removing statistically insignificant covariance terms and the error introduced by the linear approximation are explored.

Date: 1972
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:54:y:1972:i:2:p:260-266.

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