An existing MS Excel computer-based program (FARMOR) was further developed and enhanced to assist niche market producers in making appropriate and profitable choices for their enterprises.
When resources are limited, how can those resources best be allocated among potential enterprises to maximize long- term profitability given market volatility and still maintain production and conservation restraints?
The computer program used linear programing to help in the decision making of which enterprises could produce the best returns based on resources and production restraints.
Year of Grant Completion
Ellis, Shane, "Niche markets in the agricultural enterprise mix: Farm profit optimization and risk analysis" (2014). Leopold Center Completed Grant Reports. 472.