A Sequential Model of the Farm Firm Growth Process

Ying I. Chien and Garnett L. Bradford

American Journal of Agricultural Economics, 1976, vol. 58, issue 3, 456-465

Abstract: Multiperiod linear programming and computer simulation techniques are integrated into a single recursive-sequential model of the farm firm growth process. The model is tied to dynamic theories of the firm's planning behavior first developed by Hicks and more recently by Modigliani and Cohen. A central Kentucky beef farm empirically illustrates predictive features of the model. Three alternative beef production management strategies are compared to demonstrate the model's potential for explaining and predicting alternative farm firm growth processes.

Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:58:y:1976:i:3:p:456-465.

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