A target MOTAD model is used to investigate incorporation of early maturing soybeans by a crop farm in southeastern Kansas. Weather (WGEN) and crop simulation (SOYGRO) models are used to generate a long-term series of soybean yields. Results indicate that early maturing soybeans offer a...

The marginal benefit and cost of diversification for Florida orange producers is studied using certainty equivalents. The primary contribution of this study is the application of the mean-variance model to farm management decisions. Results indicate that for moderate and high levels of risk...