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Programming Resource Use and Capital Investment in Agriculture

Author

Listed:
  • R. A. King

    (Professor of Agricultural Economics, North Carolina State College)

  • C. E. Bishop

    (Professor of Agricultural Economics, North Carolina State College)

  • J. G. Sutherland

    (Agricultural Economist, Production Economics Research Branch, Agricultural Research Service, United States Department of Agriculture)

Abstract

This paper describes how linear programming procedures have been used at North Carolina State College to determine optimal combinations of products for farm firms and to specify the quantities of capital that farmers would find it profitable to invest. It shows how the introduction of risk considerations may alter drastically programs which are obtained for certain situations. The usefulness of the technique in evaluating soil conservation practices, farm leasing arrangements and related problems is pointed out.

Suggested Citation

  • R. A. King & C. E. Bishop & J. G. Sutherland, 1957. "Programming Resource Use and Capital Investment in Agriculture," Management Science, INFORMS, vol. 3(2), pages 173-184, January.
    • Handle: RePEc:inm:ormnsc:v:3:y:1957:i:2:p:173-184
    DOI: 10.1287/mnsc.3.2.173
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