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Choice of Optimal Planting and Marketing Decisions for Fresh Vegetable Producers: A Mathematical Programming Approach

Michael Vassalos, Carl R. Dillon and Tim Coolong

No 120016, 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama from Southern Agricultural Economics Association

Abstract: This study combines whole farm economic analysis with biophysical simulation techniques in order to achieve a twofold objective. First, the study seeks to develop a multiple enterprise vegetable farm model with a production and marketing decision interface and, second, to determine optimal production practices for Kentucky vegetable growers. Three vegetable crops are examined: tomatoes, bell peppers and sweet corn. The findings indicate that the risk associated with vegetable production can be significantly mitigated with diversification of production mix and with a greater number of transplanting dates. However, this reduction in risk comes at a high cost in terms of expected net returns.

Keywords: vegetable production; mean-variance; biophysical simulation; farm management; Farm Management; C61; C63; D81 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-cmp and nep-mkt
Date: 2012
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