Efficient Set Mathematics, the Separation Theorem, and Farm Operating Decisions

Calum Greig Turvey, John W. Kimble and Timothy Baker ()

No 270094, 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Efficient set mathematics is used to derive simple formulae for E-V efficient portfolio selection in agriculture. These formulae are used to illustrate the separation theorem when riskless cash rented land is combined with a farm portfolio. A simple example utilizing the formulae and illustrating the separation theorem is presented.

Keywords: Farm Management; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 20
Date: 1987-08-02
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea87:270094

DOI: 10.22004/ag.econ.270094

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