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Effects of Alternative Economic Scenarios and Commodity Policies on Regional Representative Farms

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  • Baum, Kenneth H.
  • Harrington, David H.

Abstract

Several southeast and other regional representative farm situations were simulated from 1980 to 1986 to show likely effects of alternative agricultural policy and economic environments on the micro-economic wellbeing of the farm sector. The results indicated that farms with a higher initial degree of asset ownership and percent equity had greater survivability, net cash income, and ability to maintain or increase net worth. Macroeconomic policy, (i.e., control of inflation) increases the performance of farms for these same variables. Suspension of direct commodity programs would severely reduce net cash incomes and abilities to maintain net worths, but survivability would still remain high.

Suggested Citation

  • Baum, Kenneth H. & Harrington, David H., 1983. "Effects of Alternative Economic Scenarios and Commodity Policies on Regional Representative Farms," Staff Reports 337010, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:337010
    DOI: 10.22004/ag.econ.337010
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    File URL: https://ageconsearch.umn.edu/record/337010/files/AGES830125.pdf
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    References listed on IDEAS

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    2. Miller, Thomas A. & Rodewald, Gordon E. & McElroy, Robert G., 1981. "Economies of Size in U.S. Field Crop Farming," Agricultural Economic Reports 307907, United States Department of Agriculture, Economic Research Service.
    3. Salathe, Larry E. & Price, J. Michael & Gadson, Kenneth E., 1982. "The Food and Agricultural Policy Simulator: The Dairy-Sector Submodel," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 34(3), pages 1-14, July.
    4. B. Delworth Gardner & Rulon D. Pope, 1978. "How is Scale and Structure Determined in Agriculture?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(2), pages 295-302.
    5. Lin, William & Johnson, James & Calvin, Linda, 1981. "Farm Commodity Programs: Who Participates and Who Benefits?," Agricultural Economic Reports 307908, United States Department of Agriculture, Economic Research Service.
    6. Salathe, Larry E. & Price, J. Michael & Gadson, Kenneth E., 1982. "The Food and Agricultural Policy Simulator," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 34(02), pages 1-15, April.
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    Cited by:

    1. Ryan, Jim & Baum, Kenneth & Johnson, Jim & Harrington, David, 1985. "Eliminating Commodity Programs: Farm Financial Effects And Agricultural Structure Adjustments," 1985 Annual Meeting, August 4-7, Ames, Iowa 278538, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Johnson, James William, 1985. "Land prices: changes and variability: the effect on Iowa grain farms," ISU General Staff Papers 1985010108000017533, Iowa State University, Department of Economics.

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