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A Case Study Of Timeliness In The Selection Of Risk-Efficient Machinery Complements

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Author Info

  • Wetzstein, Michael E.
  • Musser, Wesley N.
  • McClendon, Ronald W.
  • Edwards, David M.

Abstract

The importance of timeliness is investigated in the selection of machinery complements for double-crop wheat and soybean production in the southeastern coastal plain. An intertemporal stochastic simulation model was developed to generate probability distributions that were evaluated with stochastic dominance analysis. This research investigated the importance of intertemporal production linkages and adequate soil moisture on machinery selection. Failure to include these dimensions can result in erroneous machinery choices.

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File URL: http://purl.umn.edu/29998
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Bibliographic Info

Article provided by Southern Agricultural Economics Association in its journal Southern Journal of Agricultural Economics.

Volume (Year): 22 (1990)
Issue (Month): 02 (December)
Pages:

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Handle: RePEc:ags:sojoae:29998

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Web page: http://www.saea.org/jaae/jaae.htm
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Related research

Keywords: Farm Management;

References

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  1. Musser, Wesley N. & McCarl, Bruce A. & Smith, G. Scott, 1986. "An Investigation Of The Relationship Between Constraint Omission And Risk Aversion In Firm Risk Programmng Models," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(02), December.
  2. Lars Brink & Bruce McCari, 1979. "The Adequacy of a Crop Planning Model for Determining Income, Income Change, and Crop Mix," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 27(3), pages 13-25, November.
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Cited by:
  1. Kingwell, Ross S., 1996. "On-Farm Factors Influencing Investment In Crop Sowing Machinery," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 40(03), December.

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