A stochastic recursive interactive programming model for farm firm policy analysis
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A first-generation, farm level recursive interactive programming model for analyzing the impacts of commodity farm programs on typical farms (FLIPRIP) is described and demonstrated. FLIPRIP uses a specialized linear programming algorithm (XMP) and the farm managementpolicy components of FLIPSIM. A Texas cotton farm is analyzed using stochastic crop prices and yields under two farm policy options to demonstrate the type of policy data generated by FLIPRIP. © 1969.
author list (cited authors)
Baum, K., Richardson, J., & Schertz, L.