Profitable Adjustments in Farming in South-Central Minnesota

Abstract

FARM OPERATORS CAN USE THE RESOURCES under their control in various ways. Choices exist among different crops and livestock, among numerous production techniques, and between adding more capital to existing land and adding more land. However, for each set of price relationships, a certain resource use provides maximum income for each farm. But this particular resource use varies from farm to farm because farms differ in kind, quantity, and quality of resources. Knowledge of some alternative farm organizations for various farm situations, where resource use under different price relationships results in maximum income, is useful in providing guidelines to farmers for organizing their farms. This study was made to provide such knowledge.