A Stochastic Programming Analysis Of The Farm Level Implications Of Soil Erosion Control
This paper analyzes the effects of uncertain soil loss in farm planning models. A disaggregated approach was used because of an interest in examining the impact of probabilistic soil loss constraints on farm level decision-making. A stochastic programming model was used to consider different levels of probability of soil loss. Traditional methods of analysis are shown to consistently overestimate net returns.
Volume (Year): 17 (1985)
Issue (Month): 02 (December)
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- Randall A. Kramer & William T. McSweeny & Robert W. Stavros, 1983. "Soil Conservation with Uncertain Revenues and Input Supplies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(4), pages 694-702.
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