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

  • David J. Zimet (a1) and Thomas H. Spreen (a1)

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.

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References

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Melton, Bryan E.Nutritional Requirements and Least-Cost Supplement Rations for Florida Beef Cow Herds.” Food and Resource Economics Department Staff Paper No. 106, University of Florida; Gainesville, Florida, 1978.
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Westberry, George. “Watermelon Production Costs.” Unpublished, Florida Cooperative Extension Service, University of Florida; Gainesville, Florida, 19731979.
Wise, J. O. and Saunders, F. B.. “Maximizing Operator's Returns on Large Commercial Farms in Beef Producing Areas of the South.” Southern Cooperative Series Bulletin 217, University of Georgia; Athens, Georgia, 1977.
Wise, J. O., Schupp, A. R., and Conner, J. R.. “Optimum Beef Cattle and Forage Alternatives for the South.” Southern Cooperative Series Bulletin 284, Louisiana State University; Baton Rouge, Louisiana, 1983.

Keywords

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

  • David J. Zimet (a1) and Thomas H. Spreen (a1)

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