Optimal Equipment Investments for Northern Plains Grain Farms

Review of Business & Finance Case Studies, Vol. 1, No. 1, pp. 45-59, 2010

15 Pages Posted: 10 Jul 2011

See all articles by Terrance Jalbert

Terrance Jalbert

University of Hawaii - Department of Business Administration

Mercedes Jalbert

The Institute for Business and Finance Research

James E. Briley

Northeastern State University

Multiple version iconThere are 2 versions of this paper

Date Written: 2010

Abstract

This case presents a teaching tool which requires students to identify an optimal equipment plan for a northern plains small grain farm. Students are presented with information from a farm owner regarding farm size, available labor, farming techniques used and other relevant issues. Students are required to analyze this information to identify the equipment necessary to operate the farm. Students must balance equipment costs and labor issues. They must develop a plan that remains within a predetermined budget. Students use online resources to identify specific equipment along with their appropriate prices. Students are also invited to make general recommendations and comments. This case is suitable for an agricultural economics, agribusiness, or agronomy class. The case is appropriate for use at the senior, or masters level. In some instances, the case may be valuable for Ph.D. students. Students should have some familiarity with farm equipment and the equipment needs of small grain farms before being assigned the case. Students might be assigned to work individually or in teams on the project. Individuals or groups may be required to present their research to the class for discussion and comment. Completion of the case should require 5-10 hours outside of class. Classroom discussion should be about two hours.

Keywords: Farm Finance, Farm Equipment, Capital Budgeting

JEL Classification: Q12, Q14

Suggested Citation

Jalbert, Terrance and Jalbert, Mercedes and Briley, James E., Optimal Equipment Investments for Northern Plains Grain Farms (2010). Review of Business & Finance Case Studies, Vol. 1, No. 1, pp. 45-59, 2010, Available at SSRN: https://ssrn.com/abstract=1881089

Terrance Jalbert (Contact Author)

University of Hawaii - Department of Business Administration ( email )

808-974-7456 (Phone)

Mercedes Jalbert

The Institute for Business and Finance Research ( email )

P.O. Box 5569
Hilo, HI 96720
United States

HOME PAGE: http://www.theIBFR.com

James E. Briley

Northeastern State University ( email )

Tahlequah, OK 74464-2304
United States

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