Variable Resource Programming for Appraising Farm Adjustment Opportunities
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Economists are faced with the continual need for
reliable estimates of farmers' aggregate supply response.
They search accordingly for procedures that
will reduce the computational burden and strengthen
the reliability of these estimates. The author describes
how the "variable resource programming"
technique can be used to help alleviate a major
problem encountered when "representative" farms
are analyzed to generate aggregate information.
This is the problem of determining the proper kind
and number of farms to include in the analysis. The
article also illustrates how variable resource programming
can contribute a wealth of information
pertaining to other production research problems,
such as determining the optimum combination of
enterprises for specific farm resource situations.