Work

Sequential Stochastic Production Decisions for a Perennial Crop: the Yield/quality Tradeoff for Alfalfa Hay

Year: 2001

Type: article

Abstract: The "optimal cutting schedule" for alfalfa hay is described as a function of the trade-off between rising yield and falling quality of alfalfa over time and the local market prices being offered for different qualities of hay during the harvest season. Field test results quantify the yield/quality tradeoff for a California case study. A general decision rule is then derived to assist growers in making cutting decisions during a season. Finally, the optimal cutting schedule is shown to be the sum of sequential decisions for cuttings throughout the harvest season, with no schedule being best a priori.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.31159

Authors: Blank, Steven C., Orloff, Steve B., Putnam, Daniel H.

Language: English

Topic: Agricultural economics and policies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDG: Zero hunger

Open Access status: gold

OpenAlex ID: W1537641900

FWCI: 2.454

Cites: 17

Cited by: 14

Related to: 10