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An Economic Evaluation of Alternative Peanut Policies

Author

Listed:
  • W. L. Nieuwoudt
  • J. B. Bullock
  • G. A. Mathia

Abstract

Three alternatives to the current peanut-price support, acreage-allotment program are considered. A linear programming framework is used to compare the effects of these policies on geographic location of peanut production, producer and consumer surplus, treasury costs, and value of allotments. Peanut production would expand in all areas except Texas under less restrictive production constraints. The largest expansion would be in Georgia and Alabama. Some version of the target price plan is considered to be a likely compromise program.

Suggested Citation

  • W. L. Nieuwoudt & J. B. Bullock & G. A. Mathia, 1976. "An Economic Evaluation of Alternative Peanut Policies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(3), pages 485-495.
    • Handle: RePEc:oup:ajagec:v:58:y:1976:i:3:p:485-495.
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    Citations

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    Cited by:

    1. Trapp, James N., 1978. "An Analysis Of The Impact Of Alternative Peanut Marketing Quotas And Support Prices," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(1), pages 1-6, July.
    2. van Zyl, J. & Vink, N., 1989. "Structural Aspects Of Beef Production On Pastures In The Summer Rainfall Grain Producing Areas Of South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 28(3), October.
    3. Walker, Melvin E., Jr. & Lin, Kuang-Hsing Terence, 1978. "Price, Yield, And Gross Revenue Variability For Selected Georgia Crops," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(1), pages 1-5, July.
    4. House, Robert M., 1989. "Risk Analysis In The Usmp Regional Agricultural Model," 1989 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, April 9-12, 1989, Sanibel Island, Florida 271526, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    5. N. Vink, 2012. "Agricultural economics: an exoteric or esoteric science?," Agrekon, Taylor & Francis Journals, vol. 51(2), pages 1-21.
    6. Vink, N., 2012. "Agricultural economics: an exoteric or esoteric science?," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 51(2), June.
    7. Gertel, Karl, 1985. "Differing Effects of Farm Commodity Programs on Land Returns and Land Values," Agricultural Economic Reports 307999, United States Department of Agriculture, Economic Research Service.
    8. Nieuwoudt, W. L., 1992. "Agricultural Policy Research: Some Thoughts Concerning Methodology And Technology," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 31(1), March.
    9. Mathia, Gene A., 1976. "Empirical Measures Of Risk For Selected Field And Horticulture Crops," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 8(1), pages 1-7, July.
    10. Meyer, N. G. & van Zyl, J., 1992. "Agricultural Comparative Advantages In Development Region G Of South Africa: An Application Of A Regional Linear Programming Model," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 31(4), December.
    11. Mapp, Harry P. & Hardin, Michael L. & Walker, Odell L. & Persaud, Tillak, 1979. "Analysis Of Risk Management Strategies For Agricultural Producers," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278205, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. W. L. Nieuwoudt & D. B. Frank*, 1987. "An Economic Evaluation of Alternative Maize Policies," South African Journal of Economics, Economic Society of South Africa, vol. 55(4), pages 230-240, December.
    13. repec:ags:ijag24:345067 is not listed on IDEAS
    14. Teague, Paul W. & Lee, John G., 1988. "Risk Efficient Perennial Crop Selection: A Motad Approach To Citrus Production," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(2), pages 1-8, December.
    15. Musser, Wesley N. & Stamoulis, Kostas G., 1980. "Risk Transfer And Commodity Programs," Risk Analysis in Agriculture: Research and Educational Developments, January 16-18, 1980, Tucson, Arizona 271565, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
    16. Sparks, G.D. & Ortmann, Gerald F. & Lagrange, L., 2010. "An Economic Evaluation of Soybean-Based Biodiesel Production on Commercial Farms in the Soybean-Producing Regions of KwaZulu-Natal: Some Preliminary Results," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 95980, African Association of Agricultural Economists (AAAE).
    17. Howcroft, J. & Ortmann, G. F., 1990. "Development Of A Regional Programming Model For Simulating The South African Wheat Industry, With Special Consideration To Risk," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 29(4), December.

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