scholarly journals Intergenerational long-term effects of preschool-structural estimates from a discrete dynamic programming model

2016 ◽  
Vol 191 (1) ◽  
pp. 164-175 ◽  
Author(s):  
James J. Heckman ◽  
Lakshmi K. Raut
1994 ◽  
Vol 26 (1) ◽  
pp. 275-286
Author(s):  
Pierre-Justin Kouka ◽  
Patricia A. Duffy ◽  
C. Robert Taylor

AbstractOptimal crop and livestock mix was determined for a representative Alabama farm using a dynamic programming model. Results indicate that decisions concerning livestock production are highly influenced by the amount of cotton base available on the farm. In most cases, increasing cotton base results in less cattle production. The triple base provisions of the 1990 Farm Bill, however, may give some cotton farmers an incentive to produce more stocker cattle during the winter months. Research results also indicate that the availability of farm programs can alter the optimal enterprise mix on a farm with no beginning base in cotton.


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