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Economic outlook of citrus investment in Florida: a case of GAMS simulation



Economic outlook of citrus investment in Florida: a case of GAMS simulation



Transactions of the Chinese Society of Agricultural Engineering 11(2): 42-47



A Citrus Investment Decision Making Model developed using GAMS simulation is used to simulate the economic outlook for citrus production investment over a 25 year planning horizon in Florida, USA. Five basic decision making criteria results are presented: expected investment return, minimum competitive price, maximum acceptable interest rate, estimated flow of net present value of the optimized schedule for new planting, and the earliest year receiving a positive present value.

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