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Impact Of Localized Cutbacks In Agricultural Production On A State Economy

Author

Listed:
  • Penson, John B., Jr.
  • Fulton, Murray E.

Abstract

This study examines the effects that a cutback in production by Texas agricultural producers would have on the economic well-being of all producers and consumers in the state's economy. To do this, a quadratic input-output model incorporating econometric estimates of final demand was developed for the Texas economy. The output of the agricultural production sectors was constrained to reflect the cutback in production. The results show that agricultural producers would be economically worse off than before only if the producers of raw agricultural products in Texas imported their input needs from other geographical areas.

Suggested Citation

  • Penson, John B., Jr. & Fulton, Murray E., 1980. "Impact Of Localized Cutbacks In Agricultural Production On A State Economy," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 5(2), pages 1-16, December.
    • Handle: RePEc:ags:wjagec:32392
    DOI: 10.22004/ag.econ.32392
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    References listed on IDEAS

    as
    1. Robert R. Wilson, 1974. "Petroleum for U. S. Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(5), pages 888-895.
    2. Wilson, Robert R., 1974. "Petroleum for U. S. Agriculture," 1974 Annual Meeting, August 18-21, College Station, Texas 284612, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    Cited by:

    1. Waters, Edward C. & Holland, David W. & Weber, Bruce A., 1994. "Interregional Effects Of Reduced Timber Harvests: The Impact Of The Northern Spotted Owl Listing In Rural And Urban Oregon," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(1), pages 1-20, July.
    2. Ward, Frank A., 1985. "Income Distribution Issues And Natural Resource Policy: Welfare Effects Of Nonfederal Water Plans," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(2), pages 1-5, December.

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