The economic value of farm program base
Publication
, Journal Article
Duffy, PA; Taylor, CR; Cain, DL; Young, GJ
Published in: Land Economics
January 1, 1994
Mixed integer programming and dynamic programming models were used to obtain the implicit economic value of the initial endowment of base acreage on a cotton farm. While low levels of initial base have almost no impact on land value, high levels can be worth a considerable premium, with the implicit value of additional initial base endowment increasing at an increasing rate. This pattern of increasing implicit value can be explained by provisions of the farm program allowing base to be created by a landowner who develops a planting history in a program commodity. -Authors
Duke Scholars
Published In
Land Economics
DOI
ISSN
0023-7639
Publication Date
January 1, 1994
Volume
70
Issue
3
Start / End Page
318 / 329
Related Subject Headings
- Agricultural Economics & Policy
- 1402 Applied Economics
Citation
APA
Chicago
ICMJE
MLA
NLM
Duffy, P. A., Taylor, C. R., Cain, D. L., & Young, G. J. (1994). The economic value of farm program base. Land Economics, 70(3), 318–329. https://doi.org/10.2307/3146532
Duffy, P. A., C. R. Taylor, D. L. Cain, and G. J. Young. “The economic value of farm program base.” Land Economics 70, no. 3 (January 1, 1994): 318–29. https://doi.org/10.2307/3146532.
Duffy PA, Taylor CR, Cain DL, Young GJ. The economic value of farm program base. Land Economics. 1994 Jan 1;70(3):318–29.
Duffy, P. A., et al. “The economic value of farm program base.” Land Economics, vol. 70, no. 3, Jan. 1994, pp. 318–29. Scopus, doi:10.2307/3146532.
Duffy PA, Taylor CR, Cain DL, Young GJ. The economic value of farm program base. Land Economics. 1994 Jan 1;70(3):318–329.
Published In
Land Economics
DOI
ISSN
0023-7639
Publication Date
January 1, 1994
Volume
70
Issue
3
Start / End Page
318 / 329
Related Subject Headings
- Agricultural Economics & Policy
- 1402 Applied Economics