A Dynamic Optimal Crop Rotation Model in Acreage Response
| dc.creator | Cai, Ruohong | |
| dc.creator | Bergstrom, John C. | |
| dc.creator | Mullen, Jeffrey D. | |
| dc.creator | Wetzstein, Michael E. | |
| dc.date | 2017-04-01T13:47:13Z | |
| dc.date.accessioned | 2026-07-09T05:35:28Z | |
| dc.description | This paper presents a dynamic crop rotation model that shows how crop yield and price volatility could impact crop mix and acreage response under crop rotation considerations. Specifically, a discrete Markov decision model is utilized to optimize producers’ crop rotation decision within a finite horizon. By maximizing net present value of expected current and future profits, a modified Bellman equation helps develop optimum planting decisions. This model is capable of simulating crop rotations with different lengths and structures. Specifically, the corn-soybeans rotations were simulated using the crop rotation model. | |
| dc.identifier | doi:10.22004/ag.econ.103949 | |
| dc.identifier | https://ageconsearch.umn.edu/record/103949/files/FS11-02.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/103949 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/565714 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/103949 | |
| dc.title | A Dynamic Optimal Crop Rotation Model in Acreage Response | |
| dc.type | Text |