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

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  • Duffy, Patricia A.
  • Richardson, James W.
  • Smith, Edward G.

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.

Suggested Citation

  • Duffy, Patricia A. & Richardson, James W. & Smith, Edward G., 1986. "Effects of Alternative Farm Programs and Levels of Price Variability on Texas Cotton Farms," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 97-106, December.
    • Handle: RePEc:cup:jagaec:v:18:y:1986:i:02:p:97-106_00
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    1. William H. Meyers & Mary E. Ryan, 1981. "The Farmer-Owned Reserve: How Is the Experiment Working?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(2), pages 316-323.
    2. Lemieux, Catharine M. & Richardson, James W. & Nixon, Clair J., 1982. "Federal Crop Insurance Vs. Ascs Disaster Assistance For Texas High Plains Cotton Producers: An Application Of Whole-Farm Simulation," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(2), pages 1-14, December.
    3. Meyers, William H. & Ryan, Mary E., 1981. "The Farmer-Owned Reserve: How is the Experiment Working?," Staff General Research Papers Archive 10860, Iowa State University, Department of Economics.
    4. Smith, Edward G. & Richardson, James W. & Knutson, Ronald D., 1985. "Impact Of Alternative Farm Programs On Different Size Cotton Farms In The Texas Southern High Plains: A Simulation Approach," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(2), pages 1-10, December.
    5. Tweeten, Luther G., 1980. "An Economic Investigation Into Inflation Passthrough To The Farm Sector," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 5(2), pages 1-18, December.
    6. Lin, William & Glauber, Joseph & Hoffman, Linwood & Collins, Keith & Evans, Sam, 1985. "The Farmer-Owned Reserve Release Mechanism And State Grain Prices," Staff Reports 277799, United States Department of Agriculture, Economic Research Service.
    7. Dean T. Chen, 1977. "The Wharton Agricultural Model: Structure, Specification, and Some Simulation Results," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(1), pages 107-116.
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    1. Richardson, James W. & Knutson, Ronald D., 1987. "Effects Of Farm Policy On The Firm Level Risk Environment And Implications For Policy," Regional Research Projects > 1987: S-180 Annual Meeting, March 22-25, 1987, San Antonio, Texas 272774, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    2. Wackernagel, Rick, 1998. "Potential Economic Impacts Of The Northeast Interstate Dairy Compact On Vermont Dairy Farms," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 27(1), pages 1-10, April.
    3. Oriade, Caleb A. & Dillon, Carl R., 1997. "Developments in biophysical and bioeconomic simulation of agricultural systems: a review," Agricultural Economics, Blackwell, vol. 17(1), pages 45-58, October.

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