A forward and backward linkage agricultural production simulation model

Author

Albay, Fe Zinnia ; Gempesaw, Conrado M., II ; Bacon, J. Richard ; Munasing, Levsiri

Author_Institution

Dept. of Food & Resource Econ., Delaware Univ., Newark, DE, USA

fYear

1995

fDate

3-6 Dec 1995

Firstpage

963

Lastpage

968

Abstract

The paper illustrates the use of a forward and backward linkage agricultural production simulation model. CHICKSIM III is a comprehensive, farm-level, and stochastic capital budgeting simulation model which provides an analytical framework for simulating probable consequences of production, marketing, financial, and policy variables on the profitability of a farm or agribusiness firm. The model is applied to evaluate the profitability of a representative farm producing broiler, beef, corn, and kenaf

Keywords

agriculture; budgeting data processing; digital simulation; financial data processing; marketing data processing; stochastic processes; CHICKSIM III; agribusiness firm; analytical framework; beef production; broiler production; corn production; farm; farm-level stochastic capital budgeting simulation model; financial variables; forward and backward linkage agricultural production simulation model; kenaf production; marketing variables; policy variables; production variables; profitability; Agriculture; Analytical models; Computer simulation; Couplings; Crops; Forward contracts; Production systems; Profitability; Stochastic processes; Yield estimation;

fLanguage

English

Publisher

ieee

Conference_Titel

Simulation Conference Proceedings, 1995. Winter

Conference_Location

Arlington, VA

Print_ISBN

0-78033018-8

Type

conf

DOI

10.1109/WSC.1995.478885

Filename

478885