Economies of Scale in Crop Production

Faris, J. Edwin

doi:10.2307/1235579

Cited by 6 publications

(2 citation statements)

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“…This is warranted by empirical evidence which suggests that constant returns to size may exist over the limits of production conditions of this study [5,14]. Thus, with discrepancies in initial farm size removed and other variables held constant, differences in reservation prices on credit can explain differences in growth rates.…”

Section: Empirical Applicationmentioning

confidence: 76%

Reservation Prices on Credit Use: A Measure of Response to Uncertainty

Barry

Baker

1971

American J Agri Economics

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Liquidity in the form of reserved credit is valuable to a business manager because it is available to counter uncertain expectations. This paper investigates the definition and method of estimating values or reservation prices associated with firm liquidity provided by unused credit. A multiperiod linear programming model is taken to reflect the behavior of decision makers in empirically observed situations. Credit reservation prices of decision makers were inferred by comparing growth information for real borrowers with growth information generated by the comparable model at alternative reservation prices. This method succeeded in associating a high credit reservation price with the conservative borrower and low credit reservation prices with a more liberal borrower.

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Section: Empirical Applicationmentioning

confidence: 76%

Reservation Prices on Credit Use: A Measure of Response to Uncertainty

Barry

Baker

1971

American J Agri Economics

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“…The economy of scale and the demand and supply relations have always had a notable presence in crop production. With the economy of scale influence, crop production on a larger scale has always been more profitable as unit costs are lower [ 23 ]. Especially with the advent of farming technologies such as machinery, fertilizers, irrigation practices, etc., the economy of scale influence in crop production has been considerable.…”

Section: Economy Of Scale and Demand And Supply Relationsmentioning

confidence: 99%

Investigating the enhanced Best Performance Algorithm for Annual Crop Planning problem based on economic factors

Adewumi

Chetty

2017

PLoS ONE

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The Annual Crop Planning (ACP) problem was a recently introduced problem in the literature. This study further expounds on this problem by presenting a new mathematical formulation, which is based on market economic factors. To determine solutions, a new local search metaheuristic algorithm is investigated which is called the enhanced Best Performance Algorithm (eBPA). eBPA’s results are compared against two well-known local search metaheuristic algorithms; these include Tabu Search and Simulated Annealing. The results show the potential of the eBPA for continuous optimization problems.

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The Effect of Cost Heterogeneity in the Success and Failure of the New Deal's Agricultural and Industrial Programs

Alexander

Libecap

2000

Explorations in Economic History

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Economies of Scale in Crop Production

Cited by 6 publications

References 0 publications

Reservation Prices on Credit Use: A Measure of Response to Uncertainty

Reservation Prices on Credit Use: A Measure of Response to Uncertainty

Investigating the enhanced Best Performance Algorithm for Annual Crop Planning problem based on economic factors

The Effect of Cost Heterogeneity in the Success and Failure of the New Deal's Agricultural and Industrial Programs

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