Advanced breakeven analysis of agricultural enterprise budgets
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Advanced conceptual techniques for breakeven analysis of agricultural enterprise budgets
are developed and applied. Breakeven points of a single agricultural enterprise,
breakeven points between enterprises, and elasticities of breakeven points between enterprises
are defined and mathematically derived. Breakeven equations were reduced to
computational formulas for several budget components: output price, yield, input price,
input requirement, variable cost, fixed cost, and total cost. Application of the advanced
breakeven techniques provide evidence that both rice and wheat production seem especially
desirable for the Arkansas Delta region in light of a fluctuating economic environment.