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This paper examines the impacts of alternative management strategies for the production of alfalfa within the context of a total farm plan. A linear programming model is used to represent a 600-acre farm which can grow either grain crops or alfalfa. Alfalfa production competes with the grain...
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Farm-level data are used to estimate equations explaining the probability of bidding and the level of the bid for the 1986 Dairy Termination Program. Participation was attractive to older farmers, to those who were not planning to transfer the farm to a family member, to less experienced...
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Income variability and means for managing risk continue to receive much attention in farm management research. In this paper, irrigation is presented as a risk-management strategy that offers potential diversification benefits. Potential diversification opportunities largely result from a wider...
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