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A Target Motad Analysis of a Crop and Livestock Farm in Jefferson County, Florida

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  • Zimet, David J.
  • Spreen, Thomas H.

Abstract

An analysis of a typical crop and livestock farm in North Florida is presented. The analysis incorporates the potential competition and complementarity among crop and beef cattle enterprises. A Target MOTAD model is developed to account for risk in a decision framework. The results indicate that when income risk is ignored, peanuts, watermelon, and stocker cattle are the only enterprises included in the optimal solution. When income risk is heavily weighted, the optimal solution includes peanuts, watermelon, stocker cattle, cow-calf, and irrigated soybeans. The results suggest that the persistence of cow-calf production may be explained as a stabilizer of income.

Suggested Citation

  • Zimet, David J. & Spreen, Thomas H., 1986. "A Target Motad Analysis of a Crop and Livestock Farm in Jefferson County, Florida," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 175-186, December.
    • Handle: RePEc:cup:jagaec:v:18:y:1986:i:02:p:175-186_00
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    References listed on IDEAS

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    1. Musser, Wesley N. & Martin, Neil R. & Wise, James O., 1975. "The Beef Cow-Calf Enterprise in the Georgia Piedmont: A Case Study in Conspicuous Production," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 7(1), pages 89-95, July.
    2. Angirasa, Aditi K. & Shumway, C. Richard & Nelsen, T. C. & Cartwright, T. C., 1981. "Integration, Risk, and Supply Response: A Simulation and Linear Programming Analysis of An East Texas Cow-Calf Producer," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 13(1), pages 89-98, July.
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    Cited by:

    1. Yuanhe Yu & Liang Wang & Jinkuo Lin & Zijun Li, 2022. "Optimizing Agricultural Input and Production for Different Types of at-Risk Peasant Households: An Empirical Study of Typical Counties in the Yimeng Mountain Area of Northern China," IJERPH, MDPI, vol. 19(21), pages 1-22, October.
    2. Eihab Fathelrahman & Mohamed Gheblawi & Safdar Muhammad & Emily Dunn & James C. Ascough & Timothy R. Green, 2017. "Optimum Returns from Greenhouse Vegetables under Water Quality and Risk Constraints in the United Arab Emirates," Sustainability, MDPI, vol. 9(5), pages 1-11, April.
    3. Prevatt, J. Walter & Bauer, Larry L. & Kaiser, Eddie H. & Rathwell, P. James, 1992. "Measuring The Effect Of Capital Structure And Seasonality On Expected Returns And Risk: The Fresh Market Vegetable Case," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(1), pages 1-8, July.
    4. Marousek, Gerald & Stodick, Leroy & Schimmel, Joe, 1990. "Production And Marketing Alternatives In The Beef Cattle Industry With Risk Considerations," A.E. Research Series 305064, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    5. Marousek, Gerald & Stodick, Leroy, 1991. "Economics of Alternative Beef Cattle Managment/Marketing Systems," WAEA/ WFEA Conference Archive (1929-1995) 321467, Western Agricultural Economics Association.

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