Introduction Conclusions References

Farm structure and optimal farm size have always attracted the interest of research as they constitute some of the intense problems of farm efficiency and farm income. Although several approached have been employed to handle with this problem a real options approach can significantly contribute on this matter. This article provides an empirical example of applying real options approach in inves...

The cost of milk production by farm size was decomposed into frontier and efficiency components with a stochastic cost curve using data on 755 USA dairy farms from the year 2000. The estimated frontier function is much flatter than the composite cost curve, and although the frontier cost of production decreases with farm size, that cost reduction is not as pronounced as a cost curve that includ...

Haque, Samiul. Ph.D., Purdue University, December 2014. US Commodity Support Payments: On Allocation of Resources and Fairness, Post 1996. Major Professor: Kenneth Foster This dissertation investigates the effect of US commodity support payment on agricultural producer decisions during the “decoupled” regime. Particular attention is paid to the national optimal output mix, input proportions, an...

The present paper investigates how a storage unit, coupled with a wind farm could influence the economic operation of the power system. For this reason two optimization algorithms are implemented, where the storage capacity is assigned certain costs and is able to vary in size. The objective of the first optimization is to identify the optimal power infeed as well as the necessary battery capac...