This book focuses on the potential of economic and behavioral models at the micro level to depict the complex nature of growth and adjustment decisions by farm firms in response to various policy and regulatory environments.
Part 1: The Historical and Theoretical Setting 1. A Perspective on the Evolution and Status of Micromodeling in Agricultural Economic 2. Farm Decisions, Adaptive Economics, and Complex Behavior in Agriculture Part 2: Macro-Micro Relationships 3. Complementarities Between Micro- and Macro-Systems Simulation and Analysis 4. Incorporating Aggregate Forecasts into Farm Firm Decision Models Part 3: National Policy Perspectives on Modeling Farm Behavior 5. Implications of National Agricultural Policies in Modeling Behavior of Farm Firms Part 4: Institutions And Implications for Micromodels 6. Financing Growth and Adjustment of Farm Firms Under Risk and Inflation: Implications for Micromodeling 7. Tax and Other Legal Considerations in the Organization of the Farm Firm, Part 5: Risk Management in Models of the Farm 8. Cash Flow, Price Risk, and Production Uncertainty Considerations 9. Hedging Procedures and Other Marketing Considerations Part 6: Simulation Models 10. FLIPCOM: Farm-Level Continuous Optimization Models for Integrated Policy Analysis 11. FLOSSIM: A Multiple-Farm Opportunity Set Simulation Model 12. FAHM 1981: A System Dynamics Model of Financial Behavior of Farming-Related Households Part 7: Optimizing Models 13. A Polyperiodic Firm Model of Swine Enterprises 14. A Recursive Goal Programming Model of Intergenerational Transfers by Farm Firms 15. Generalized Risk-Efficient Monte Carlo Programming: A Technique for Farm Planning Under Uncertainty Part 8: Use of Farm Models in Extension Activities 16. Specification and Use of Farm Growth and Planning Models in Farm Management Extension Activities 17. Specification and Use of Farm Growth and Planning Models in Policy Extension Activities Part 9: Needs of the Future 18. Micromodeling in Perspective 19. The Use of Micromodels