Managing Weather and Price Risk on a Farm Level: A case study of linear programming in optimization of farm production structure
AbstractWeather 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.
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Bibliographic InfoPaper provided by European Association of Agricultural Economists in its series 108th Seminar, February 8-9, 2008, Warsaw, Poland with number 48111.
Date of creation: 2008
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