Managing Weather and Price Risk on a Farm Level: A case study of linear programming in optimization of farm production structure
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Weather and price risks have always been a significant factor in agriculture. Although, on
academic level, a number of advanced methods of reducing the above risks is known, polish
farmers definitely do not use them. During long history of agriculture, however, heuristic methods
regarding the weather risk have been developed by them. Those methods can be embedded while
constructing linear models of farms.
This paper presents results obtained from a practical application of a newly developed
linear farm model generator. It has been used to analyze profitability of the “Plant Breeding and
Acclimatization Experimental Station” in Radzików in Poland, while taking the weather and price
risks in consideration.