SIMULTANEOUS INPUT DEMANDS AND LAND ALLOCATION IN AGRICULTURAL PRODUCTION UNDER CERTAINTY

Vista sencilla de ítem
dc.creatorBabcock, Bruce A.
dc.creatorChalfant, James A.
dc.creatorCollender, Robert N.
dc.date2017-04-01T14:00:21Z
dc.date.accessioned2026-07-09T04:16:13Z
dc.descriptionMulticrop farmers must choose variable input levels and land quantity for each crop. Economic researchers to date have analyzed these two decisions separately, either finding the best land use, given crop technologies, or solving for optimal input levels, ignoring the allocation of land. We show that both these approaches lead to suboptimal decision rules under risk aversion. An empirical example demonstrates that a risk-averse farmer who makes these decisions sequentially-first choosing input levels then allocating land-rather than simultaneously, may significantly understates the value of farming.
dc.identifierdoi:10.22004/ag.econ.32226
dc.identifierhttps://ageconsearch.umn.edu/record/32226/files/12020207.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/32226
dc.identifier.urihttp://hdl.handle.net/123456789/547393
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/32226
dc.titleSIMULTANEOUS INPUT DEMANDS AND LAND ALLOCATION IN AGRICULTURAL PRODUCTION UNDER CERTAINTY
dc.typeText

Archivos

Colecciones

University of Minnesota