Skip to main content
×
×
Home

Effects of Alternative Farm Programs and Levels of Price Variability on Texas Cotton Farms

  • Patricia A. Duffy (a1), James W. Richardson (a2) and Edward G. Smith (a3)
Abstract

This study examines the effects of alternative government farm programs and hypothetical price variability levels on two Texas cotton farms which were simulated stochastically over a 10-year period. Results indicate that a combination of high price variability and participation in government programs stimulates growth and wealth accumulation.

Copyright
References
Hide All
Bailey, D. C..“Economic Analysis of Selected Marketing Strategies for Cotton in the Texas Southern High Plains: A Whole-Farm Simulation Approach.” Unpublished Ph.D. thesis, Texas A&M University, Department of Agricultural Economics, 1983.
Chen, D. T..“The Wharton Agricultural Model: Structure, Specification and Some Simulation Results.Amer. J. Agr. Econ., 59,1(1977):107116.
Gardner, B. L..“Consequences of USDA's Farmer-Owned Reserve Program for Grain Stocks and Prices.” GAO Report to Congress, CED-81-80, Vol. 2, 1981.
Lemieux, C. M., Richardson, J. W., and Nixon, C. J.. “Federal Crop Insurance vs. ASCS Disaster Assistance for Texas High Plains Cotton Producers: An Application of Whole-Farm Simulation.West. J. Agr. Econ., 7(1982):142153.
Lin, W., Glauber, J., Hoffman, L., Collins, K., and Evans, S.. “The Farmer-Owned Reserve Release Mechanism and State Grain Prices.” ERS Staff Report No. AGES850717. USDA-ERS, 1985.
Meyers, W. H..and Ryan, M. E.. “The Farmer-Owned Reserve: How is the Experiment Working?Amer. J. Agr. Econ., 63,2(1981):316323.
Penson, J. B., Hughes, D. W., and Romain, R. F.. “An Overview of COMGEM: A Macroeconomic Model Emphasizing Agriculture.” DIR 84-1, SP-12. Texas Agricultural Experiment Station, December, 1984.
Perry, G., Rister, M. W., Richardson, J. W., Grant, W. R., and Sij, J. W.. “The Impact of Tenure Arrangements and Crop Rotations on Upper Gulf Coast Rice Farms.” Texas Agricultural Experiment Station, Bulletin B-1530, 1986.
Ray, D. E..and Richardson, J. W.. Detailed Description of Polysim. Oklahoma State Agricultural Experiment Station and USDA, Technical Bulletin T-151, 1978.
Richardson, J. W..and Nixon, C. J.. “Description of FLIPSIM V: A General Firm Level Policy Simulation Model.” Texas Agricultural Experiment Station, Bulletin B-1528, 1986.
Salathe, L. J., Price, M., and Banker, D. E.. “An Analysis of the Farmer-Owned Reserve Program, 1977-82.Amer. J. Agr. Econ., 66,1(1984):111.
Skees, J. R..“A Multiple Farm Simulation Model of the Impact of Income Tax and Commodity Policies on the Opportunities for Growth of Varied Size Corn/Soybean Farms.” Unpublished Ph.D. thesis, Michigan State University, 1981.
Smith, E. G..“Economic Impact of Current and Alternative Farm Programs on Farm Structure in the Southern High Plains of Texas.” Unpublished Ph.D. thesis, Texas A&M University; December, 1982.
Smith, E. G., Richardson, J. W., and Knutson, R.. “Impact of Alternative Farm Programs on Different Size Cotton Farms in the Texas Southern High Plains: A Simulation Approach.West. J. Agr. Econ., 10(1985):365374.
Tweeten, L. G..“An Economic Investigation Into Inflation Passthrough to the Farm Sector.West. J. Agr. Econ., 5(1980):89106.
U.S. Department of Agriculture. Cotton Price Statistics. Agricultural Marketing Service, Cotton Division, Various Issues.
U.S. Department of Commerce. Statistical Abstract of the United States, 1985. (105th edition) Washington, D.C.; 1984.
Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

Journal of Agricultural and Applied Economics
  • ISSN: 1074-0708
  • EISSN: 2056-7405
  • URL: /core/journals/journal-of-agricultural-and-applied-economics
Please enter your name
Please enter a valid email address
Who would you like to send this to? *
×

Keywords:

Metrics

Full text views

Total number of HTML views: 0
Total number of PDF views: 3 *
Loading metrics...

Abstract views

Total abstract views: 39 *
Loading metrics...

* Views captured on Cambridge Core between 5th September 2016 - 12th June 2018. This data will be updated every 24 hours.