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Extension Decision Aids for the Dairy Termination Program: A Comparative Analysis
Author(s) -
Knight Thomas O.,
Kubiak Kathryn A.
Publication year - 1987
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242188
Subject(s) - extension (predicate logic) , consistency (knowledge bases) , yield (engineering) , computer science , operations research , risk analysis (engineering) , operations management , economics , business , mathematics , materials science , artificial intelligence , metallurgy , programming language
Extension economists in many states develop decision aids to assist agricultural producers in evaluating farm program participation. It is important that these analytical procedures yield reliable results. Consistency among procedures is also important when they are used in formulating competitive bids for programs like the Dairy Termination Program. Seven Dairy Termination Program break‐even bid procedures are examined. The results show that the analytical approaches are conceptually quite different and that numerical results derived for an example farm are inconsistent.