Cal Poly Institute for the Study of Specialty Crops, January 1, 2006, pages 1-4. Copyright © 2006 by Kallie Donnelly and Jay E. Noel.
The California Institute for the Study of Specialty Crops (CISSC) developed a representative farm simulation model for navel producers in the Southern San Joaquin Valley. The farm simulation model simulates a producer’s financial statements for 2005-2014, including the income statement, statement of cash flows, and balance sheet. This model allows model prices and yields to vary over time. The variability is based on historical variation in navel orange prices and yield. This is done to capture the risk and uncertainty associated with variable prices and yields.
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