Optimal Production Schedules for a Representative Farm Under Alternative Seasonal Milk Pricing Patterns of the Base-Excess Plan: A Comment

Abstract

In the April, 1981, issue of this Journal, Prindle and Livezey (PL) address the very important question of how a dairy farm manager should attempt to adjust production in response to expected seasonal production patterns of the dairy cow, monthly milk prices and variable milk production costs. The authors construct a representative farm linear programming model to address this important question.