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Financial Analysis Of On-Farm Grain Drying

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  • Kiker, Clyde F.
  • Lieblich, Mark S.

Abstract

Artificial drying of corn in the Southeastern Coastal Plain was shown to be financially feasible for average annual per farm production levels of greater than 10,000 bushels. Net present values for four types of drying systems were evaluated using simulation modeling in which weather conditions, yield levels, and prices were entered as stochastic variables. Scale of production and irrigation substantially influenced crop drying potential. Stochastic efficiency analysis was used to evaluate the riskiness of the investment.

Suggested Citation

  • Kiker, Clyde F. & Lieblich, Mark S., 1986. "Financial Analysis Of On-Farm Grain Drying," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(2), pages 1-11, December.
    • Handle: RePEc:ags:sojoae:29789
    DOI: 10.22004/ag.econ.29789
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    References listed on IDEAS

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    1. Boggess, W. G & Amerling, C. B., 1983. "A Bioeconomic Simulation Analysis of Irrigation Investments," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 15(2), pages 85-91, December.
    2. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, December.
    3. Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 44, pages 2343-2378, Elsevier.
    4. Boggess, William G. & Amerling, C.B., 1983. "A Bioeconomic Simulation Analysis Of Irrigation Investments," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(2), pages 1-7, December.
    5. John B. Penson & Bruce A. McCarl, 1976. "Impact of Dryeration on Grain Elevator Performance in a Fluctuating Energy Situation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(3), pages 446-455.
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    1. Loyns, R.M.A. & Hope, L.E. & Frank, N. Dean, 1990. "Economics Of Natural Air Drying On Manitoba Grain Farms," Research Bulletins 124298, University of Manitoba, Department of Agribusiness and Agricultural Economics.
    2. Davis, Todd D. & Patrick, George F., 1999. "Do Producer Risk Attitudes Effect The Sizing Of On-Farm Harvest, Drying, And Storage Systems?," 1999 Annual meeting, August 8-11, Nashville, TN 21640, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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