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Projected Production Costs For Eastern South Dakota Crops: 1980-1990, Richard C. Shane
Projected Production Costs For Eastern South Dakota Crops: 1980-1990, Richard C. Shane
Agricultural Experiment Station Agricultural Economics Pamphlets (1941-1991)
The crop producer in South Dakota faces risk and uncertainty from many directions. Commodity prices and input costs are volatile, weather conditions change continuously and macroeconomic forces acting on inflation and interest rates leave the farmer "not knowing which way to turn." This high risk is accentuated by high investment requirements for land and machinery and high cash flow obligations. Annual or short-run decisions of what crop(s) and how much of each crop to plant are imperfect because of risk factors. Long-run decisions concerning equipment investment and land expansion are even more risky because of the longer planning horizon of …