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Book Cover
E-book
Author Baum, Kenneth H

Title Modeling Farm Decisions for Policy Analysis
Published Milton : Chapman and Hall/CRC, 2019

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Description 1 online resource (441 pages)
Contents Cover; Half Title; Title; Copyright; Contents; Foreword; Preface; PART 1 THE HISTORICAL AND THEORETICAL SETTING; 1. A Perspective on the Evolution and Status of Micromodeling in Agricultural Economics; DISCUSSION OF CHAPTER 1; Farm Modeling: An Overview; Current Perspectives of a Former ERS Model Builder; 2. Farm Decisions, Adaptive Economics, and Complex Behavior in Agriculture; DISCUSSION OF CHAPTER 2; Some Thoughts on Adaptive Economic Policy and the Behavioral Science of Modeling the Farm Firm/Household; A Proper Perspective for Considering Adaptive Economics
The Challenge of Chaos: A Plea for Parsimony in Theoretical ConstructsPART 2 MACRO-MICRO RELATIONSHIPS; 3. Complementarities Between Micro- and Macro-Systems Simulation and Analysis; 4. Incorporating Aggregate Forecasts into Farm Firm Decision Models; DISCUSSION OF PART 2; Complementarities Between Micro- and Macro-Simulation Models; Understanding and Human Capital as Outputs of the Modeling Process; Modeling and Evaluating Policy and Institutional Impacts on Farm Firms; PART 3 NATIONAL POLICY PERSPECTIVES ON MODELING FARM BEHAVIOR
5. Implications of National Agricultural Policies in Modeling Behavior of Farm FirmsPART 4 INSTITUTIONS AND IMPLICATIONS FOR MICROMODELS; 6. Financing Growth and Adjustment of Farm Firms Under Risk and Inflation: Implications for Micromodeling; 7. Tax and Other Legal Considerations in the Organization of the Farm Firm; DISCUSSION OF PART 4; Dealing with Institutional and Legal Information in Models of the Farm Firm; The Role of Financial and Legal Concepts in Micromodel Building; Institutional Aspects of Firm-Level Models; PART 5 RISK MANAGEMENT IN MODELS OF THE FARM
8. Cash Flow, Price Risk, and Production Uncertainty Considerations9. Hedging Procedures and Other Marketing Considerations; DISCUSSION OF PART 5; Modeling Farm Decisionmaking to Account for Risk; Thoughts on Modeling Risk Management on the Farm; The Need for Prescriptive Risk-Management Models: A Suggested Methodological Approach; PART 6 SIMULATION MODELS; 10. FLIPCOM: Farm-Level Continuous Optimization Models for Integrated Policy Analysis; 11. FLOSSIM: A Multiple-Farm Opportunity Set Simulation Model
12. FAHM 1981: A System Dynamics Model of Financial Behavior of Farming-Related HouseholdsDISCUSSION OF PART 6; Multiple-Use Farm Models; Positive Farm Models: A Comment on Aesthetic Versus Functional Value; Micromodeling: A Systems Approach at the National Level; PART 7 OPTIMIZING MODELS; 13. A Polyperiodic Firm Model of Swine Enterprises; 14. A Recursive Goal Programming Model of Intergenerational Transfers by Farm Firms; 15. Generalized Risk-Efficient Monte Carlo Programming: A Technique for Farm Planning Under Uncertainty; DISCUSSION OF PART 7
Notes A Comparison of Optimizing Modeling Methodologies
Print version record
Form Electronic book
ISBN 9780429705410
0429705417