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2. Extension decision aids for the Dairy Termination Program: a comparative analysis
- Collection:
- Agricultural Communications Documentation Center (ACDC)
- Contributers:
- Knight, Thomas O. (author), Kubiak, Kathryn A. (author), and Knight: Assistant professor, Department of Agricultural Economics, Texas A&M University, TX; Kubiak: Graduate research assistant, Department of Agricultural Economics, Texas A&M University, TX
- Format:
- Journal article
- Publication Date:
- 1987-11
- Published:
- USA
- Location:
- Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 84 Document Number: C05350
- Journal Title:
- American Journal of Agricultural Economics
- Journal Title Details:
- 69 (4) : 777-785.
- Notes:
- AGRICOLA IND 88021937, Abstract: Extension economists in many states develop decision aids to assist agricultural producers in evaluating farm 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.