5024 HOMEWORK 5 F2003

5024 HOMEWORK 5 F2003 - AAEC 5024 D. B. Taylor HOMEWORK #5...

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172 AAEC 5024 D. B. Taylor HOMEWORK #5 (80 points) A farmer in Suffolk, Virginia, wants you to develop a profit maximizing farm plan for her farm. Formulate the problem in matrix format. The farmer can grow winter wheat, soybeans (these two crops can also be double-cropped) corn, peanuts, and she can also raise hogs. The farmer provides you with the following information on returns to land, labor, capital and management: Net Returns (Profit) to Land, Labor, Management, and Capital Production Activity Year Peanuts $/Ac Corn $/Ac Winter Wheat $/Ac Soybeans $/Ac Winter Wheat-Soybean Double-cropped $/Ac Hogs $/Hog 1982 310 65 5 40 50 40 1983 500 40 10 40 10 80 1984 200 25 38 20 40 60 1985 350 30 20 30 45 30 1986 290 -10 2 -5 5 -10 Avg. 330 30 15 25 30 40 There are several rotational and other constraints on her production activities. Corn, winter-wheat, soybeans, and winter-wheat double-cropped with soybeans can all be grown without rotational considerations. Peanuts, however, must be grown in rotation with corn. Two years of corn must be grown for one year of peanuts.
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This note was uploaded on 12/24/2011 for the course AAEC 5024 taught by Professor Taylor,d during the Fall '08 term at Virginia Tech.

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5024 HOMEWORK 5 F2003 - AAEC 5024 D. B. Taylor HOMEWORK #5...

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