A Practical Way to Select an Optimum Farm Plan Under Risk

John T. Scott and Chester B. Baker

American Journal of Agricultural Economics, 1972, vol. 54, issue 4_Part_1, 657-660

Abstract: This paper uses quadratic programming to calculate the variance-efficient mean income path and associated lower income bounds and suggests a way to select an optimum farm plan under risk based on the farmer's own self-assessed income-risk preference function. An empirical example from a Midwest corn-soybean farm is presented.

Date: 1972
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:54:y:1972:i:4_part_1:p:657-660.

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