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Minimum regret solutions from alternative monthly sales for corn, wheat, and soybeans were determined. The data set involved eleven years of monthly prices for corn and soybeans and twelve years for wheat. The regret, risk (MOTAD), and expected value of the optimum regret solutions were compared...
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GSD is used to determine the risk efficiency of nine different technologies of land application. The analysis shows that organic applications for crop phosphorus needs are the most environmentally efficient. Under producer risk aversion, inorganic fertilizer application is the most economically...
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Integer Programming determined an optimum windbreak pattern for corn and soybean production. Direct costs included windbreak establishment, annual maintenance, and removal. Crop yields were included as a linearized function. The net return results for the optimum pattern were 12 and 16 percent...
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This article addresses (1) the differences in machinery cost estimating techniques, particularly for depreciation and opportunity cost, and (2) the necessary modifications in cost estimating techniques to account for the changing monetary base under inflation. The conditions under which capital...
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Simulation is used to examine impacts of land expansion strategies and self-imposed borrowing limits upon growth and survival odds of a dryland wheat farm over a 15-year period. Compared to share-rent expansion, purchasing land shows only marginally great growth at best, with substantially...
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