A FARM-LEVEL ANALYSIS OF SPECIALTY CROP PRODUCTION IN KENTUCKY
Special purpose crops are those with traits designed to meet the specificdemands of an end user. A mean-variance (E-V) mathematical programming modeland sensitivity analysis are used to quantify and discuss the potential net returns andrisk associated with the adoption of special purpose crops at th...
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| Format: | Others |
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UKnowledge
2001
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| Online Access: | http://uknowledge.uky.edu/gradschool_theses/179 http://uknowledge.uky.edu/cgi/viewcontent.cgi?article=1181&context=gradschool_theses |
| Summary: | Special purpose crops are those with traits designed to meet the specificdemands of an end user. A mean-variance (E-V) mathematical programming modeland sensitivity analysis are used to quantify and discuss the potential net returns andrisk associated with the adoption of special purpose crops at the farm level.Furthermore, a spreadsheet-based decision aid is developed to assist farmers in thedecision of whether or not to produce high-oil corn on their operation.Results from this study indicate that the profitability of high-oil corn is verymarginal, dependent upon the ability of the crop to yield as well as conventional corn,and gain significant premiums. The potential of marketing this crop through aproducer-owned cooperative seems promising. |
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