Optimization of Agricultural Resource Allocation among Crops: A Portfolio Model Analysis
Bao-Li Miao,
Ying Liu,
Yu-Bing Fan
et al.
Abstract:The portfolio model provides a new framework that enables farmers to make tradeoffs between the returns and risks of agricultural production. However, it has only been used in cost allocation among resources and in farmland allocation among crops at present. Thus, we conducted a portfolio model analysis based on an independent, mixed cross-section of data accounting for 1650 rural households in Minqin county, China, over a timescale of three years; the goal was to explore the feasibility and actuating extent o… Show more
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