A multiperiod risk programming model for farm planning
1980
Kaiser, E. | Boehlje, M.
Extract: This article briefly reviews the theory of decision making under uncertainty and the programming methods used to consider uncertainty in farm planning. A multiperiod MOTAD model is developed to analyze the risk and return of a farm's investment financing, production, and marketing plans. The results of an empirical model of a beginning farmer in the Corn Belt are briefly presented to illustrate the potential applicability of the multiperiod MOTAD model and demonstrate the type of information generated.
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