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The Effects Of Increasing Flex Acres On Farm Planning And Profitability

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  • Duffy, Patricia A.
  • Taylor, C. Robert

Abstract

Dynamic programming techniques were used to evaluate the effects of alternative levels of normal flex acreage requirements on a Midwestern corn-soybean farm and a Southeastern cotton farm. Results indicate that increasing normal flex acres from the current level of 15 percent to 35 percent would provide inducement for farmers in both regions to plant more soybeans. In general, the cotton farm incurs considerably higher expected losses from the change. Thus, there are unequal regional consequences of such a policy change.

Suggested Citation

  • Duffy, Patricia A. & Taylor, C. Robert, 1994. "The Effects Of Increasing Flex Acres On Farm Planning And Profitability," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 23(1), pages 1-11, April.
    • Handle: RePEc:ags:arerjl:31319
    DOI: 10.22004/ag.econ.31319
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    References listed on IDEAS

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    1. Joseph A. Herriges & Jason F. Shogren & Nancy E. Barickman, 1992. "The Implicit Value of Corn Base Acreage," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(1), pages 50-58.
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    3. Patricia A. Duffy & C. Robert Taylor & Danny L. Cain & George J. Young, 1994. "The Economic Value of Farm Program Base," Land Economics, University of Wisconsin Press, vol. 70(3), pages 318-329.
    4. Mims, Anne M. & Duffy, Patricia A. & Young, George, 1989. "Effects of Alternative Acreage Restriction Provisions on Alabama Cotton Farms," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(2), pages 85-94, December.
    5. Persaud, Tillak & Mapp, Harry P., 1980. "Analysis Of Alternative Production And Marketing Strategies In Southwestern Oklahoma: A Motad Approach," Risk Analysis in Agriculture: Research and Educational Developments, January 16-18, 1980, Tucson, Arizona 271566, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
    6. Randall A. Kramer & Rulon D. Pope, 1981. "Participation in Farm Commodity Programs: A Stochastic Dominance Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 119-128.
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    Keywords

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