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A REAL OPTIONS APPROACH TO INVESTMENT ANALYSIS OF AUTOMATIC MILKING SYSTEMS

Phoebe D. Engel and Jeffrey Hyde

No 22216, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Automatic, or robotic, milking systems are beginning to be introduced to U.S. dairy farmers. This paper employs an ex ante approach to real options investment analysis of automatic milking systems.

Keywords: Livestock; Production/Industries (search for similar items in EconPapers)
Pages: 25
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:22216

DOI: 10.22004/ag.econ.22216

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