Corn, soybeans or fallow: Dynamic farmland allocation under uncertainty

• Main Authors: BOYABATLI, Onur, NASIRY, Javad, ZHOU, Yangfang (Helen)
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: Cash crops; Optimal dynamics; Production management; Risk management; Supply chain finance; Agribusiness; Operations and Supply Chain Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6199; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7198/viewcontent/Corn_Soybeans_or_Fallow.pdf
• Institution: Singapore Management University

This chapter develops a theoretical basis for understanding the trade-offs facing a farmer for allocating his farmland among several crops over multiple growing seasons. Specifically, we focus on the farmland allocation among two cash crops (corn and soybeans) and letting the farmland lay fallow to...