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Impacts Of Energy Allocation On Income And Risk For Crop Producers

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  • Kliebenstein, James B.
  • McCamley, Francis P.

Abstract

A quadratic programming model was used to explore the impacts of fuel allocation levels on crop producers. Impact on. expected income levels, risk levels and Btu consumption are evaluated. An allocation level which reduced diesel fuel consumption by about 20 percent would reduce expected Income by about $77 per gallon, reduce the standard deviation of income by about $21 per gallon, and reduce total energy consumption by about 220 thousand Btu's per gallon. The use of energy based inputs other than diesel fuel would not change much until more drastic reductions in diesel fuel allocations were imposed.

Suggested Citation

  • Kliebenstein, James B. & McCamley, Francis P., 1982. "Impacts Of Energy Allocation On Income And Risk For Crop Producers," 1982 Annual Meeting, August 1-4, Logan, Utah 279178, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea82:279178
    DOI: 10.22004/ag.econ.279178
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    References listed on IDEAS

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    1. VAN MOESEKE, Paul, 1965. "A general duality theorem of convex programming," LIDAM Reprints CORE 3, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Capps, Oral, Jr. & Havlicek, Joseph, Jr., 1978. "The Demand For Gasoline And Diesel Fuel In Agricultural Use In Virginia," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(1), pages 1-6, July.
    3. Robert Burton & R. G. Kline, 1978. "Adjustments in a Farm Business in Response to an Energy Crisis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(2), pages 254-258.
    4. Kliebenstein, James B. & Chavas, Jean-Paul, 1977. "Adjustments Of Midwest Grain Farm Businesses In Response To Increases In Petroleum Energy Prices," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 9(2), pages 1-6, December.
    5. McCamley, Francis P. & Kliebenstein, James B., 1981. "Demand Elasticities And Cross Elasticities For Diesel Fuel--Crop Producers," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279240, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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