Vj. Gali et Cg. Brown, Assisting decision-making in Queensland barley production through chance constrained programming, AUST J A R, 44(2), 2000, pp. 269-287
Citations number
35
Categorie Soggetti
Agriculture/Agronomy,Economics
Journal title
AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS
A chance constrained programming model is developed to assist Queensland ba
rley growers make varietal and agronomic decisions in the face of changing
product demands and volatile production conditions. Unsuitable or overlooke
d in many risk programming applications, the chance constrained programming
approach nonetheless aptly captures the single-stage decision problem face
d by barley growers of whether to plant lower-yielding but potentially high
er-priced malting varieties, given a particular expectation of meeting malt
ing grade standards. Different expectations greatly affect the optimal mix
of malting and feed barley activities. The analysis highlights the suitabil
ity of chance constrained programming to this specific class of farm decisi
on problem.