Extension
Date of this Version
4-1965
Document Type
Article
Citation
Skold, M.D., Epp, A.W. and Hughes, H.W. (1965) Profit maximizing farm plans for farms in southeastern Nebraska: By type and size of farm (Research Bulletin: Bulletin of the Agricultural Experiment Station of Nebraska No. 219)
Abstract
There are many forces operating in today's agricultural economy which cause farmers to examine carefully their patterns of resource allocation. Rising production costs coupled with downward tendencies in product prices focuses attention on efficient patterns of resource allocation. Technical change and changing resource and product price relationships affect efficient resource allocation patterns. This study considers possible efficient farm organizations available to farmers in southeastern Nebraska with given resources. The study determines profit maximizing farm plans for farm classes with different complements of resources and at alternative product price levels. Both crop and livestock enterprises are considered. Investment activities that generate facilities to accommodate more of various types of livestock are included. Investments are limited by assumed levels of credit availability and the investment activities compete with all other capital using enterprises.
Comments
ISSN 0097-1550