Extension Decision Aids for the Dairy Termination Program: A Comparative Analysis

Thomas O. Knight and Kathryn A. Kubiak

American Journal of Agricultural Economics, 1987, vol. 69, issue 4, 777-785

Abstract: Extension economists in many states develop decision aids to assist agricultural producers in evaluating farm program participation. It is important that these analytical procedures yield reliable results. Consistency among procedures is also important when they are used in formulating competitive bids for programs like the Dairy Termination Program. Seven Dairy Termination Program break-even bid procedures are examined. The results show that the analytical approaches are conceptually quite different and that numerical results derived for an example farm are inconsistent.

Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:69:y:1987:i:4:p:777-785.

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