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The Effect Of The 2002 Farm Bill On Crop Enterprise Selection In The Southeast Region

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  • Davis, Todd D.
  • Curtis, Charles E., Jr.
  • Shumaker, George A.
  • Smith, Nathan B.

Abstract

A stochastic simulation model is used to generate one thousand cash market prices and yields for corn, soybeans, wheat, cotton, and peanuts. A Target MOTAD model using the stochastic data determined the risk-efficient crop-mix for alternative price and yield expectations. Results suggest increased peanut production in the Southeast region.

Suggested Citation

  • Davis, Todd D. & Curtis, Charles E., Jr. & Shumaker, George A. & Smith, Nathan B., 2003. "The Effect Of The 2002 Farm Bill On Crop Enterprise Selection In The Southeast Region," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35207, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeatm:35207
    DOI: 10.22004/ag.econ.35207
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    References listed on IDEAS

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    1. Richardson, James W. & Klose, Steven L. & Gray, Allan W., 2000. "An Applied Procedure For Estimating And Simulating Multivariate Empirical (Mve) Probability Distributions In Farm-Level Risk Assessment And Policy Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(2), pages 1-17, August.
    2. McKinnell, Cathy S. & Kahl, Kandice H. & Curtis, Charles E., 1990. "A Regional Comparison of Risk-Efficient Soybean Marketing Strategies," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(1), pages 167-176, July.
    3. McKinnell, Cathy S. & Kahl, Kandice H. & Curtis, Charles E., Jr., 1990. "A Regional Comparison Of Risk-Efficient Soybean Marketing Strategies," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(1), pages 1-10, July.
    4. repec:ags:joaaec:v:32:y:2000:i:2:p:299-315 is not listed on IDEAS
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    1. Deliberto, Michael & Salassi, Michael & Paxton, Kenneth, 2007. "Fuel and Fertilizer Price Impacts on Crop Mix and Returns in the Louisiana Delta," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2007, pages 1-8.

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    Agricultural and Food Policy;

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