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

Published online by Cambridge University Press:  05 September 2016

David J. Zimet  and
Thomas H. Spreen
David J. Zimet
Affiliation:
Food and Resource Economics Department, University of Florida
Thomas H. Spreen
Affiliation:
Food and Resource Economics Department, University of Florida
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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.

Keywords

beef cattlelinear programmingriskTarget MOTAD
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 18 , Issue 2 , December 1986 , pp. 175 - 186
Copyright
Copyright © Southern Agricultural Economics Association 1986

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