A stochastic programming based analysis of the field use in a farm

Abstract

The paper is devoted to the use of the arable land of a farms. The farm want to have certain amount of productions from some crops. This policy of the farm has two purposes. First some products, e.g. silo, are used on further production levels. Furthermore the diversification of the finished product decreases the financial risk of the farm caused by the unknown future behavior of the markets. The aim is to determine that use of the fields, which guarantees the highest probability of the satisfaction of demand. Crop rotation determining that which crops can be produced in a field gives a natural condition to be satisfied. The problem is modeled and solved by stochastic programming. The results based on the data of a farm are provided.