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“New” method simplifies decision of when to replace orchards
Authors
Oscar R. BurtSteven C. Blank
Authors Affiliations
O. R. Burt is Professor Emeritus, Department of Agricultural and Resource Economics, UC Davis; S.C. Blank is Financial Management Specialist, Department of Agricultural and Resource Economics, UC Davis.Publication Information
Hilgardia 53(3):30-32. DOI:10.3733/ca.v053n03p30. May 1999.
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Abstract
This article presents a “new” method for making decisions on when to replace depreciable assets. The method is simpler than other standard methods because it uses only known cost data, avoiding the problems of using price forecasts. An application to cling peach orchards is given to explain and illustrate the method.
Further reading
California Cling Peach Advisory Board. Orchard Production Survey. San Francisco, April 1995. 1994–95.
Hotelling H. A General Mathematical Theory of Depreciation. J Amer Stat Assoc. 1925. 20:340-53. https://doi.org/10.2307/2965518
Burt O, Blank S. 1999. “New” method simplifies decision of when to replace orchards. Hilgardia 53(3):30-32. DOI:10.3733/ca.v053n03p30
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