000103949 001__ 103949
000103949 005__ 20170826020639.0
000103949 037__ $$a1607-2016-134538
000103949 041__ $$aen
000103949 245__ $$aA Dynamic Optimal Crop Rotation Model in Acreage Response
000103949 260__ $$c2011-05-04
000103949 269__ $$a2011-05-04
000103949 300__ $$a30
000103949 336__ $$aWorking or Discussion Paper
000103949 490__ $$aFaculty Series
000103949 490__ $$a11-02
000103949 520__ $$aThis paper presents a dynamic crop rotation model that shows how crop yield and price volatility could impact crop mix and acreage response under crop rotation considerations. Specifically, a discrete Markov decision model is utilized to optimize producers’ crop rotation decision within a finite horizon. By maximizing net present value of expected current and future profits, a modified Bellman equation helps develop optimum planting decisions. This model is capable of simulating crop rotations with different lengths and structures. Specifically, the corn-soybeans rotations were simulated using the crop rotation model.
000103949 542__ $$fLicense granted by laura  alfonso (lalfonso@uga.edu) on 2011-05-04T18:38:12Z (GMT):

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000103949 650__ $$aCrop Production/Industries
000103949 650__ $$aResearch Methods/ Statistical Methods
000103949 6531_ $$aCrop rotation
000103949 6531_ $$aAcreage response
000103949 6531_ $$aBellman equation
000103949 700__ $$aCai, Ruohong
000103949 700__ $$aBergstrom, John C.
000103949 700__ $$aMullen, Jeffrey D.
000103949 700__ $$aWetzstein, Michael E.
000103949 8564_ $$s319440$$uhttp://ageconsearch.umn.edu/record/103949/files/FS11-02.pdf
000103949 887__ $$ahttp://purl.umn.edu/103949
000103949 909CO $$ooai:ageconsearch.umn.edu:103949$$qGLOBAL_SET
000103949 912__ $$nSubmitted by laura  alfonso (lalfonso@uga.edu) on 2011-05-04T18:41:38Z
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  Previous issue date: 2011-05-04
000103949 982__ $$gUniversity of Georgia>Department of Agricultural and Applied Economics>Faculty Series
000103949 980__ $$a1607