Consulta: creatorFacets:"Richardson,   James W."
Registros recuperados: 206
Data/hora: 11/06/2024 06:41:57

RESEARCH IN AGRICULTURAL ECONOMICS--IS ANYONE LISTENING? DISCUSSION
Provedor de dados: 31
Autores: Richardson,   James W.
Tipo: Journal Article
Palavras-chave: Research and Development/Tech Change/Emerging Technologies.
Ano: 1994
URL: http://purl.umn.edu/15406

Risk Assessment in Economic Feasibility Analysis: The Case of Ethanol Production in Texas
Provedor de dados: 31
Autores: Richardson,   James W.; Herbst,   Brian K.; Outlaw,   Joe L.; Anderson,   David P.; Klose,   Steven L.; Gill,   Robert Chope, II.
The objective of this study is to demonstrate the benefits of quantifying the economic viability of a proposed agribusiness under risk relative to a feasibility study which ignores risk. To achieve this objective, the economic viability of a 50 MMGPY ethanol facility in Texas is analyzed over a 10-year period in two ways: with no risk and with historical risk for prices and costs.
Tipo: Report
Palavras-chave: Risk and Uncertainty.
Ano: 2006
URL: http://purl.umn.edu/42095

Impacts of Budget Reconciliation on U.S. Crop Producers
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Raulston,   J. Marc; Knapek,   George M.
The President has called for a $6.96 billion savings in expenditures to agriculture over a five year period.  A budget reconciliation is required to achieve these targeted savings from farm bill authorized expenditures.  This study uses optimal control theory and farm level simulation to quantify the impacts on U.S. crop producers of reducing federal spending for agricultural income supports.  Results indicate that the least harmful method for the Agricultural Committees to achieve budget savings of $3 billion is to reduce loan rates.  At higher levels of net budget savings, some risk adverse decision makers would prefer that the Committees reduce target prices.
Tipo: Conference Paper or Presentation
Palavras-chave: Agricultural and Food Policy.
Ano: 2005
URL: http://purl.umn.edu/19540

Representative Farms Economic Outlook for the January 2003 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Sartwelle,   James D., III; Schwart,   Robert B., Jr.; Schumann,   Keith D.; Feldman,   Paul A.; Raulston,   J. Marc; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2001-2007 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) January 2003 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for prices and...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2003
URL: http://purl.umn.edu/42699

Representative Farms Economic Outlook for the January 2007 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Fumasi,   Roland J.; Anderson,   David P.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2005-2012 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: • Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms, and • Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) January 2007 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for prices...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Crop Production/Industries; Livestock Production/Industries.
Ano: 2007
URL: http://purl.umn.edu/42086

Regional and Structural Impacts of Alternative Dairy Policy Options
Provedor de dados: 31
Autores: Anderson,   David P.; Herbst,   Brian K.; Outlaw,   Joe L.; Richardson,   James W.
Milk and dairy product prices have fallen to their lowest levels in 3 years following the record highs of 2004 and 2005. The large government stockpiles of non-fat dry milk are gone, but threaten to build again as non-fat dry milk and cheese prices decline nearer the support price level. A new farm bill is scheduled to be written in 2007. The Milk Income Loss Contract (MILC) program included in the last farm bill was only authorized through September 2005. Subsequent legislation reinstated the MILC program through August 2007. WTO negotiations are on-going and could influence U.S. farm programs 1/. Dairy’s role in the U.S. amber box limit of $19.1 billion may necessitate some possible trade-offs with other commodities. Dairy counts about $4.2 billion...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Livestock Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/42094

Economic Outlook for Representative Cotton Farms Given the August 2005 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Raulston,   J. Marc; Knapek,   George M.; Feldman,   Paul A.
The Agricultural and Food Policy Center (AFPC) at Texas A&amp;M University develops and maintains data to simulate eighteen representative cotton operations in major production areas of seven states. The chief purpose of this analysis is to project those farms’ economic viability for 2005 through 2009. The data necessary to simulate the economic activity of these operations is developed through ongoing cooperation with panels of agricultural producers in each of these states. The Food and Agricultural Policy Research Institute (FAPRI) provided projected prices, policy variables, and input inflation rates in their August 2005 Baseline. Under the August 2005 Baseline, only the moderately sized Tennessee cotton farm (TNC1900) and Louisiana cotton farm...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/42106

Representative Farms Economic Outlook for the November 2002 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Sartwelle,   James D., III; Schwart,   Robert B., Jr.; Schumann,   Keith D.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2001-2007 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) November 2002 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for prices and...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/42703

Financial Impacts of Regional Differences in Dairies
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Herbst,   Brian K.; Richardson,   James W.; Anderson,   David P.
The sensitivity of net cash farm income to changes in selected production variables, output prices, and input costs varies significantly across representative U.S. dairies.  Different regions of the country were impacted differently by changes to production and prices.
Tipo: Conference Paper or Presentation
Palavras-chave: Agricultural Finance; Q12; Q14.
Ano: 2007
URL: http://purl.umn.edu/34937

Comparison of Risk in Organic, Integrated and Conventional Cropping Systems in Eastern Norway
Provedor de dados: 31
Autores: Lien,   Gudbrand D.; Flaten,   Ola; Korsaeth,   Audun; Schumann,   Keith D.; Richardson,   James W.; Eltun,   Ragnar.
This study exemplifies the first implementation experiences of Balanced Scorecard and the first results of them in Ukrainian agricultural enterprises. Essential prerequisites for the functioning of the BSC concept into practical agriculture will be discussed. Finally, some critical success factors to the BSC adoption by agricultural companies will be identified.
Tipo: Conference Paper or Presentation
Palavras-chave: Balanced Scorecard; Strategic Management; Ukraine; Crop Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/24251

Representative Farms Economic Outlook for the January 2004 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Herbst,   Brian K.; Anderson,   David P.; Sartwelle,   James D., III; Raulston,   J. Marc; Feldman,   Paul A.; Schumann,   Keith D.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2001-2008 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming and ranching operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) January 2004 Baseline. The primary objective of the analysis is to determine the farms’ economic viability by...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2008
URL: http://purl.umn.edu/42683

Representative Farms Economic Outlook for the December 2007 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Fumasi,   Roland J.; Anderson,   David P.; Bryant,   Henry L.; Klose,   Steven L.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 (2002 Farm Bill) on representative crop, dairy, and livestock operations are projected in this report. The analysis was conducted over the 2007-2012 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate agricultural operations in the nation’s major production regions came from two sources: • Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. • Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) December 2007 Baseline. The FLIPSIM policy simulation model incorporates the historical risk...
Tipo: Working or Discussion Paper
Ano: 2007
URL: http://purl.umn.edu/37977

THE USE OF BIOPHYSICAL AND EXPECTED PAYOFF PROBABILITY SIMULATION MODELING IN THE ECONOMIC ASSESSMENT OF BRUSH MANAGEMENT ALTERNATIVES
Provedor de dados: 31
Autores: Schumann,   Keith D.; Conner,   J. Richard; Richardson,   James W.; Stuth,   Jerry W.; Hamilton,   Wayne T.; Drawe,   D. Lynn.
Woody plant encroachment restricts forage production and capacity to produce grazing livestock.  Biophysical plant growth simulation and economic simulation were used to evaluate a prescribed burning range management technique.  Modeling systems incorporated management practices and costs, historical climate data, vegetation and soil inventories, livestock production data, and historical regional livestock prices.  The process compared baseline non-treatment return estimates to expected change in livestock returns resulting from prescribed burning.  Stochastic analyses of production and price variability produced estimates of greater net returns resulting from use of prescribed burning relative to the baseline.
Tipo: Journal Article
Palavras-chave: Biophysical simulation; Prescribed burning; Range management; Simulation; Land Economics/Use.
Ano: 2001
URL: http://purl.umn.edu/15452

Representative Farms Economic Outlook for the December 2006 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Fumasi,   Roland J.; Anderson,   David P.; Klose,   Steven L.; Zimmel,   Peter.
Under the December 2006 Baseline, 25 of the 65 crop farms are considered in good liquidity condition (less than a 25 percent chance of negative ending cash in 2011). Five crop farms have between a 25 percent and a 50 percent likelihood of negative ending cash. The remaining 35 crop farms have greater than a 50 percent chance of negative ending cash. Additionally, 33 of the 65 crop farms are considered in good equity position (less than a 25 percent chance of decreasing real net worth during the study period). Eight crop farms have between a 25 percent and 50 percent likelihood of losing real net worth, and 24 crop farms have greater than a 50 percent probability of decreasing real net worth. The following discussion provides an overall evaluation by...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/42089

National Agricultural, Research, Extension, Education and Economics Advisory Board Southern Regional Listening Session - Small and Family Farms: Challenges and Needs Alcorn State University, Alcorn, Mississippi
Provedor de dados: 31
Autores: Smith,   Edward G.; Richardson,   James W.; Knutson,   Ronald D.
The Agricultural and Food Policy Center’s (AFPC) primary purpose is to analyze the economic and financial impacts of alternative government policies on U.S. farming and ranching operations. This is accomplished through the maintenance of data necessary to simulate the economic and financial activities of more than 80 representative crop and livestock farms chosen from major production areas across the United States. Twenty of the 41 crop farms are located in the Southern region. A brief description of these crop farms and their location is summarized in Appendix A. The economic and financial observations reported in this paper are based on AFPC’s experience with the crop farms in the Southern region. The paper is organized into four sections. The first...
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 1999
URL: http://purl.umn.edu/42788

DISTRIBUTION CHOICE UNDER NULL PRIORS AND SMALL SAMPLE SIZE
Provedor de dados: 31
Autores: Feldman,   Paul A.; Richardson,   James W.; Schumann,   Keith D.
Defining appropriate probability distributions for the variables in an economic model is an important and often arduous task.  This paper evaluates the performance of several common probability distributions under different distributional assumptions when sample sizes are small and there is limited information about the data.
Tipo: Conference Paper or Presentation
Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2004
URL: http://purl.umn.edu/20012

PREDICTING THE DIFFUSION OF HYBRIDS AND VARIETIES IN TEXAS
Provedor de dados: 31
Autores: Gambrell,   Stefphanie M.; Richardson,   James W.; Anderson,   David P.
This paper examines the diffusion of specific rice varieties, as opposed to variety classes in the previous literature.  Using simulation techniques to incorporate risk into the diffusion path, new variety product life cycle diffusion is projected with implications for breeders, researchers, and private companies.
Tipo: Conference Paper or Presentation
Palavras-chave: Research and Development/Tech Change/Emerging Technologies.
Ano: 2004
URL: http://purl.umn.edu/20299

Analysis of the Effects of Proposed House and Senate Farm Bills on Rice Returns
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Klose,   Steven L.; Anderson,   David P.; Womack,   Abner W.
This report reflects analysis of projected gross returns under the proposed farm programs – H.R. 2646 the House Bill that passed the House floor on October 5th, the Senate Bill that passed the Senate Agriculture Committee on November 15th and the Cochran/Roberts Bill that was defeated previously in committee.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42722

Representative Farms Economic Outlook for the November 2002 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Sartwelle,   James D., III; Feldman,   Paul A.; Schumann,   Keith D.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2001-2007 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) November 2002 Baseline. The primary objective of the analysis is to determine the farms’ economic viability by region and...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/42709

ESTIMATING PRICE VARIABILITY IN AGRICULTURE: IMPLICATIONS FOR DECISION MAKERS
Provedor de dados: 31
Autores: Ray,   Daryll E.; Richardson,   James W.; Torre Ugarte,   Daniel de la; Tiller,   Kelly.
Using a stochastic version of the POLYSYS modeling framework, an examination of projected variability in agricultural prices, supply, demand, stocks, and incomes is conducted for corn, wheat, soybeans, and cotton during the 1998-2006 period. Increased planting flexibility introduced in the 1996 farm bill results in projections of significantly higher planted acreage variability compared to recent historical levels. Variability of ending stocks and stock-to-use ratios is projected to be higher for corn and soybeans and lower for wheat and cotton compared to the 1986-96 period. Significantly higher variability is projected for corn prices, with wheat and soybean prices also being more variable. No significant change in cotton price variability is projected.
Tipo: Journal Article
Palavras-chave: POLYSYS model; Price variability; Stochastic simulation; Crop Production/Industries.
Ano: 1998
URL: http://purl.umn.edu/15100

ENTRY INTO FARMING: THE EFFECTS OF LEASING AND LEVERAGE ON FIRM SURVIVAL
Provedor de dados: 31
Autores: Richardson,   James W.; Lemieux,   Catharine M.; Nixon,   Clair J.
Tipo: Journal Article
Palavras-chave: Agribusiness.
Ano: 1983
URL: http://purl.umn.edu/30148

Outlook for Texas Representative Cotton Farms
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Raulston,   J. Marc; Richardson,   James W.; Sartwelle,   James D., III; Herbst,   Brian K.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 are projected for representative Texas cotton farms. The analysis was conducted over the 2001-2008 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in Texas’ major cotton production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative cotton farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2004 Baseline. The primary objective of the analysis is to determine cotton farms’ economic viability by region through 2008, assuming provisions of the 2002...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2004
URL: http://purl.umn.edu/42674

Economic Outlook for the Texas Representative Cotton Farms Given the August 2005 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Raulston,   J. Marc; Knapek,   George M.; Feldman,   Paul A.
The Agricultural and Food Policy Center (AFPC) at Texas A&amp;M University develops and maintains data to simulate eleven representative cotton operations in major production areas across Texas. The chief purpose of this analysis is to project those farms’ economic viability for 2005 through 2009. The data necessary to simulate the economic activity of these operations is developed through ongoing cooperation with panels of agricultural producers throughout the state. The Food and Agricultural Policy Research Institute (FAPRI) provided projected prices, policy variables, and input inflation rates in their August 2005 Baseline. Under the August 2005 Baseline, none of the Texas representative cotton farms are classified in good liquidity condition (less than...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/42107

ECONOMETRIC MODEL OF THE U.S. SHEEP INDUSTRY FOR POLICY ANALYSIS
Provedor de dados: 31
Autores: Ribera,   Luis A.; Anderson,   David P.; Richardson,   James W.
The U.S. sheep inventory has been declining for many years.  To further investigate this trend, an econometric sector model using single demand equations was developed to analyze the impacts of two alternative levels of wool marketing loan rates.
Tipo: Conference Paper or Presentation
Palavras-chave: Marketing.
Ano: 2004
URL: http://purl.umn.edu/20309

FARM LEVEL CONSEQUENCES OF CANADIAN AND U.S. DAIRY POLICIES
Provedor de dados: 31
Autores: Knutson,   Ronald D.; Romain,   Robert F.J.; Anderson,   David P.; Richardson,   James W.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy; Livestock Production/Industries.
Ano: 1997
URL: http://purl.umn.edu/24029

Does Crop Insurance Reduce the Need for Cash Reserves in Savings Accounts?
Provedor de dados: 31
Autores: Raulston,   J. Marc; Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.
One of the most fundamental and traditional risk management tools available to agricultural producers is a savings account. Cash reserves in savings provide a safety net for producers, allowing financial obligations and living expenses to be met when unexpected shortfalls in income occur. Crop insurance, another risk management tool, likely reduces the cash reserves required to be held in savings as it aids in mitigating risks ranging from total disasters to uncertainties in market conditions.  This study utilizes a stochastic farm level simulation model in a representative farm framework to evaluate the impacts of alternative crop insurance scenarios on levels of savings necessary to maintain target ending cash reserve numbers for producers in major...
Tipo: Conference Paper or Presentation
Palavras-chave: Crop Insurance; Multiple Peril Crop Insurance; Crop Revenue Coverage; Stochastic Simulation; Representative Farm; Agricultural and Food Policy; Farm Management; Risk and Uncertainty.
Ano: 2010
URL: http://purl.umn.edu/56413

AFPC Review of County Loan Rates for Sorghum and Corn
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Herbst,   Brian K.
The Agricultural &amp; Food Policy Center (AFPC) updated the comparison of corn and sorghum county loan rates following the general methodology outlined in the October 2002 Food and Agricultural Policy Research Institute (FAPRI) study on corn and sorghum loan rates. The study answers two questions: 1. Are the 2006 county loan rates established by USDA consistent with the Congressional mandate that national average loan rates for both commodities be $1.95 per bushel? 2. What would be the impact if USDA were to adopt a different weighting scheme in setting county loan rates while continuing to maintain the mandated national average loan rate? Specifically, what would be the impact on sorghum loan rates if each county’s loan rate were weighted by the county’s...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2007
URL: http://purl.umn.edu/42083

American Agriculture: What We Can Expect - National Symposium on the Future of American Agriculture, University of Georgia: August 1999
Provedor de dados: 31
Autores: Smith,   Edward G.; Knutson,   Ronald D.; Richardson,   James W.
The Agricultural and Food Policy Center (AFPC) of the Texas A&amp;M University System is pleased to be invited to address this symposium addressing the future of U.S. agriculture. As a participant in the FAPRI consortium, AFPC monitors the economic conditions of U.S. agriculture at the farm and ranch level. To accomplish this, AFPC maintains approximately 80 crop, dairy, beef and pork representative farms throughout the nation. In the interest of time, this paper will focus only on the economic condition of the 41 feed grain/oilseeds, wheat, cotton and rice farms through the year 2002. Anyone interested in the livestock operations, or more detail on the crop farms, are directed to the AFPC web site at http://afpc1.tamu.edu. The publications included at...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy.
Ano: 1999
URL: http://purl.umn.edu/42790

DYNAMIC STOCHASTIC SIMULATION OF DAILY CASH AND FUTURES COTTON PRICES
Provedor de dados: 31
Autores: Bailey,   DeeVon; Brorsen,   B. Wade; Richardson,   James W.
A dynamic model of daily cash and futures prices for cotton was developed using time series analysis.  The time series model was included in a recursive Monte Carlo simulation model.  Validation of the model was performed with a stochastic, dynamic simulation of the estimated model over the observation period 1975-1982 and with a static, deterministic out-of-sample forecast from December 9, 1981 through March 9, 1982.  The model was then used to incorporate futures trading strategies into a policy simulation model.
Tipo: Journal Article
Palavras-chave: Demand and Price Analysis.
Ano: 1984
URL: http://purl.umn.edu/29727

The Effects of Sex-Sorted Semen on Southern Dairy Farms
Provedor de dados: 31
Autores: Herbst,   Brian K.; Anderson,   David P.; Outlaw,   Joe L.; Richardson,   James W.; Bilby,   Todd.
This paper examines the impact of sex-sorted semen adoption on dairy farm level economics. Representative dairies are used to simulate the financial impacts of moving to this new technology.  Key economic, financial and herd dynamics will be compared among dairies to show how the uses of sex-sorted semen will affect dairy farms.  All seven of the representative dairies that were analyzed sold surplus replacement heifers using sex-sorted semen.  The increase use of sex-sorted semen can have very positive impacts on dairies throughout the Southern United States.
Tipo: Conference Paper or Presentation
Palavras-chave: Dairy production; Sex sorted semen; Production economics; Scenario analysis; Agribusiness; Farm Management; Livestock Production/Industries; Production Economics.
Ano: 2009
URL: http://purl.umn.edu/46814

Impact of the FARM 21 Proposal on Representative Crops, Dairy and Beef Cattle Farms
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Raulston,   J. Marc; Knapek,   George M.; Herbst,   Brian K.
The Food &amp; Agriculture Risk Management for the 21st Century Act (FARM 21) formally introduced June 13th by U.S. Representatives Ron Kind (D-WI), Jeff Flake (R-AZ), Joe Crowley (D-NY), and David Reichert (R-WA), would significantly change most of U.S. agricultural policy. The proposed changes are wide ranging from commodity programs to energy, conservation, and food and nutrition programs. Given the breadth of the changes, it is important to have some indication of the impacts on producers if this proposal were to be adopted. While FARM 21 has a broad set of priorities that support would be directed to, this report focuses on the proposed changes to the producer safety net programs contained in Title I -- direct payments (DPs), counter-cyclical payments...
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2007
URL: http://purl.umn.edu/37987

Representative Farms Economic Outlook for the January 2007 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Fumasi,   Roland J.; Anderson,   David P.; Klose,   Steven L.; Zimmel,   Peter.
Under the January 2007 Baseline, 20 of the 64 crop farms are considered in good liquidity condition (less than a 25 percent chance of negative ending cash in 2012). Five crop farms have between a 25 percent and a 50 percent likelihood of negative ending cash. The remaining 39 crop farms have greater than a 50 percent chance of negative ending cash. Additionally, 30 of the 64 crop farms are considered in good equity position (less than a 25 percent chance of decreasing real net worth during the study period). Nine crop farms have between a 25 percent and 50 percent likelihood of losing real net worth, and 25 crop farms have greater than a 50 percent probability of decreasing real net worth. The following discussion provides an overall evaluation by...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2007
URL: http://purl.umn.edu/42088

ANALYZING TENURE ARRANGEMENTS AND CROP ROTATIONS USING FARM SIMULATION AND PROBIT ANALYSIS
Provedor de dados: 31
Autores: Perry,   Gregory M.; Rister,   M. Edward; Richardson,   James W.; Grant,   Warren R.
Whole farm simulation analysis and econometric techniques are employed in an analysis of crop rotations and tenure arrangement strategies. The FLIPSIM model is used to analyze a representative Texas Upper Gulf Coast rice and soybean farm. Probit analysis is then used to determine the impact of net cash farm income, land tenure, and crop rotation on probability of survival. Results suggest that, although the simulation model is useful in providing information on the effect at the farm level of following the different strategies, probit results provide greater understanding into the returns and risk inherent to each strategy.
Tipo: Journal Article
Palavras-chave: Crop Production/Industries.
Ano: 1986
URL: http://purl.umn.edu/29779

An Analysis of Whole Farm Revenue Safety Net Options in Agriculture
Provedor de dados: 31
Autores: Richardson,   James W.; Smith,   Edward G.; Knutson,   Ronald D.
Despite many years of experience, the federal government continues to seek a farm program that holds the potential for providing a politically acceptable safety net for farmers. This study demonstrates that, with the 2002 Farm Bill, AMTA, and marketing loan provisions continuing, a whole farm revenue safety net has the potential for simplifying existing farm programs, while enhancing the financial position of US farmers. There remains the need for further analysis of the impacts of the options analyzed on supply response by farmers.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42728

Farm Level Projections of the Impacts of Payment Limitations: Revised
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Raulston,   J. Marc; Herbst,   Brian K.; Anderson,   David P.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2003
URL: http://purl.umn.edu/42696

The Impact of Increased Planting Flexibility on Planting Decisions Across Texas
Provedor de dados: 31
Autores: Raulston,   J. Marc; Outlaw,   Joe L.; Richardson,   James W.; Knapek,   George M.
Increased acreage planting flexibility granted through the last three farm bills has allowed agricultural producers to make production choices without government programs driving their decisions.  Planted acre data for program crops in seven Texas regions is used to describe response to varying degrees of flexibility granted through decoupled payments.
Tipo: Conference Paper or Presentation
Palavras-chave: Crop Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/35353

Risk, Research, and Returns: Valuation of the Potential of Improved Citrus Cultivars
Provedor de dados: 31
Autores: Brummett,   Robert G.; Richardson,   James W.
Replaced with revised version of paper 02/04/08.
Tipo: Conference Paper or Presentation
Palavras-chave: Crop Production/Industries; Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 2008
URL: http://purl.umn.edu/6759

Review of the American Farm Bureau Counter Cyclical Payment Program
Provedor de dados: 31
Autores: Richardson,   James W.; Smith,   Edward G.; Womack,   Abner W.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42725

The Potential Impact of a Texas High Plains Ethanol Plant on Local Water Supplies
Provedor de dados: 31
Autores: Higgins,   Lindsey M.; Richardson,   James W.; Outlaw,   Joe L.
With the passage of the Energy Policy Act, the rapidly expanding number of ethanol plants, and the fury with which ethanol is being promoted, it is clear that ethanol will play a rising role in our domestic energy supply.  Along with this rise there will be an increase in the consumptive use of water by ethanol production facilities.  Regions, such as the Texas High Plains, that are already considered to be water stressed have the potential of being impacted.  The objective of this research is to assess the potential impact the addition of an ethanol plant may have on the Texas High Plains and to determine how increased water costs will transform the economic viability of an ethanol plant.
Tipo: Conference Paper or Presentation
Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2008
URL: http://purl.umn.edu/6533

Economic Outlook for Representative Cotton Farms Given the August 2006 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Raulston,   J. Marc.
The majority of the cotton farms are in poor overall financial condition under the August 2006 Baseline. Drought conditions this year will deplete cash built from more favorable yields in 2004 and 2005 in many cases. In addition, the poor financial performance of the farms is attributed in part to the large increase in input prices. Fuel costs, previously projected to decrease modestly in 2005 and 2006, are now more accurately depicted as significant increases, building further on the large increases experienced in 2003 and 2004. The increase in cost is not limited to fuel expense for trucks, equipment, and irrigation motors, but includes the cost of nitrogen fertilizer and ag-related services which are closely linked to energy prices. Many cotton...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/42097

IMPACT OF REDUCING FEDERAL ORDER CLASS I DIFFERENTIAL ON REPRESENTATIVE TEXAS AND NEW MEXICO DAIRY FARMS
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Knutson,   Ronald D.; Schwart,   Robert B., Jr.; Holt,   John; Richardson,   James W.; Garis,   Dalton H.
The General Accounting Office (GAO) recommended that the USDA substantially reduce or eliminate the extent of price discrimination practiced under federal milk marketing orders. The purpose of this study was to quantify the impacts of alternative means of implementing the GAO proposal on the economic viability of Texas and New Mexico dairy farms. Five dairy farms were simulated for six years under the current dairy policy and five alternative proposals. Results of the analyses indicate that large New Mexico dairies can remain economically viable under all of the alternatives. On the other hand, federal order policy changes would accelerate the loss of equity for moderate size Texas dairy farms.
Tipo: Journal Article
Palavras-chave: Agricultural and Food Policy.
Ano: 1991
URL: http://purl.umn.edu/30058

Economic Outlook for Representative Ranches Given the August 2007 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Fumasi,   Roland J.; Raulston,   J. Marc.
While projected cattle prices are considered to be the primary determinant of the financial viability of the representative ranches, the prices of feed crops and bi-products can also have an impact. The ranches produce hay and are often net buyers or net sellers. At least two of the ranches retain ownership through the backgrounding stage and feed some concentrates. The smaller Missouri ranch produces a number of grain and oilseed crops, and the smaller Texas ranch also raises broilers. Additionally, crop prices have an impact on fed cattle returns, which impacts feeder cattle prices. Projected livestock prices for FAPRI’s August 2007 Baseline are presented in Table 1. In general, beef cattle prices are projected to decline each year from 2008 though 2012,...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Livestock Production/Industries.
Ano: 2007
URL: http://purl.umn.edu/37979

Land Use Implications of Expanding Biofuel Demand
Provedor de dados: 31
Autores: Dicks,   Michael R.; Campiche,   Jody L.; Torre Ugarte,   Daniel de la; Hellwinckel,   Chad M.; Bryant,   Henry L.; Richardson,   James W.
The Renewable Fuel Standard mandates in the Energy Independence and Security Act of 2007 will require 36 billion gallons of ethanol to be produced in 2022. The mandates require that 16 of the 36 billion gallons must be produced from cellulosic feedstocks. The potential land use implications resulting from these mandates were examined using two methods, the POLYSYS model and a general equilibrium model. Results of the POLYSYS analysis indicated that 72.1 million tons of corn stover, 23.5 million tons of wheat straw, and 24.7 million acres would be used to produce 109 million tons of switchgrass in 2025 to meet the mandate. Results of the CGE analysis indicated that 10.9 billion bushels of corn grain, 71 million tons of corn stover, and 56,200 tons of...
Tipo: Journal Article
Palavras-chave: Cellulosic ethanol; Corn stover; Grain ethanol; Renewable fuel standard; Switchgrass; Crop Production/Industries; Demand and Price Analysis; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy; Q15; Q42.
Ano: 2009
URL: http://purl.umn.edu/53091

Simulation of Alternative Marketing Strategies for U.S. Cotton
Provedor de dados: 31
Autores: Elrod,   Christopher P.; Robinson,   John R.C.; Richardson,   James W.
Three marketing strategies (selling a put option, cash sale at harvest, and cash sale in June) are simulated based on historical values and ranked based on certainty equivalents for a representative irrigated and dryland cotton farm Scenario analysis is also used to compare varying yield values.
Tipo: Conference Paper or Presentation
Palavras-chave: Simulation; Marketing; Cotton; Risk; Marketing; Research Methods/ Statistical Methods.
Ano: 2008
URL: http://purl.umn.edu/6885

A SIMULATION ANALYSIS OF ALTERNATIVE TARGET PRICE AND LOAN RATE COMBINATIONS
Provedor de dados: 31
Autores: Ray,   Daryll E.; Ericksen,   Milton H.; Richardson,   James W.
Tipo: Journal Article
Palavras-chave: Demand and Price Analysis.
Ano: 1975
URL: http://purl.umn.edu/29505

Representative Farms Economic Outlook for the August 2007 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Fumasi,   Roland J.; Anderson,   David P.; Klose,   Steven L.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 (2002 Farm Bill) on representative crop, dairy, and livestock operations are projected in this report. The analysis was conducted over the 2007-2012 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate agricultural operations in the nation’s major production regions came from two sources: 1) Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. 2) Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2007 Baseline. The FLIPSIM policy simulation model incorporates the historical risk...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2007
URL: http://purl.umn.edu/37983

Economic Outlook for Representative Cotton Farms Given the August 2007 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Raulston,   J. Marc.
Projected crop prices for FAPRI’s August 2007 Baseline are summarized in Table 1. In general, crop price projections tend to be higher than they were in recent baselines. Soybean and rice price projections increased most substantially. Individual crop prices are projected to move as follows: • Corn prices start at $3.10/bu in 2007, reach a high of $3.38/bu in 2008, and decline to $3.25/bu by 2012. • Wheat prices spike to $5.11/bu in 2007, and return to a range of $4.19/bu to $4.32/bu for the remainder of the planning horizon. • Cotton prices are now expected to peak at $0.6116/lb in 2009, and then stay above $0.5900/lb through 2012. • Rice prices are expected to remain above $9.00/cwt throughout the planning horizon, peaking at $9.90/cwt in 2007. • Sorghum...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2007
URL: http://purl.umn.edu/37980

Representative Farms Economic Outlook for the August 2003 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Raulston,   J. Marc; Anderson,   David P.; Sartwelle,   James D., III; Herbst,   Brian K.; Feldman,   Paul A.; Schumann,   Keith D.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2001-2007 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming and ranching operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2003 Baseline. The primary objective of the analysis is to determine the farms’ economic viability by...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2003
URL: http://purl.umn.edu/42704

Economic Impact of a Proposed AGI Means Test on Representative Crop Farms
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Raulston,   J. Marc.
The Administration has proposed revising the AGI means test for eligibility to farm program payments. The 2002 farm bill excludes producers from farm program payments (CCP, DP, and MLG/LDP) if their average adjusted gross income (AGI) for three preceding years exceeds $2.5 million and less than 75% of their AGI comes from farming, ranching or forestry operations. The revised means test would reduce the AGI cut-off to $200,000 and repeal the 75% exclusion. The purpose of this report is to estimate the impacts of the AGI proposal on average annual government payments and real net worth in 2014 for representative crop farms. The AFPC maintains a data base of 64 representative commercial family farms in major production regions across the United States. The...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2007
URL: http://purl.umn.edu/42087

USE OF PROBABILISTIC CASH FLOWS IN ANALYZING INVESTMENTS UNDER CONDITIONS OF RISK AND UNCERTAINTY
Provedor de dados: 31
Autores: Richardson,   James W.; Mapp,   Harry P., Jr.
Tipo: Journal Article
Palavras-chave: Risk and Uncertainty.
Ano: 1976
URL: http://purl.umn.edu/29759

REPRESENTATIVE FARMS ECONOMIC OUTLOOK FOR THE NOVEMBER 1997 FAPRI/AFPC BASELINE
Provedor de dados: 31
Autores: Smith,   Edward G.; Richardson,   James W.; Anderson,   David P.; Gray,   Allan W.; Klose,   Steven L.; Knutson,   Ronald D.; Outlaw,   Joe L.; Feldman,   Paul A.; Land,   C. Shane; Schwart,   Robert B., Jr.
The economic outlook for 72 representative feed grain, wheat, cotton, rice, beef cattle, hog and dairy farms in key production areas across the United States is projected for 1997-2002, using the November 1997 FAPRI/AFPC Baseline. The Baseline provides a seven year projection of crop and livestock prices, interest rates, and rates of inflation assuming no change in policy. Results of simulating the representative farms for the November 1997 Baseline are presented in terms of the likely effects on incomes, cash flows, assets, net worth, and overall economic viability of representative farms.
Tipo: Working or Discussion Paper
Palavras-chave: Farm Management.
Ano: 1997
URL: http://purl.umn.edu/24027

Economics of Atrazine Remediation for Representative Grain Farms in the Aquilla Watershed, Hill County, Texas
Provedor de dados: 31
Autores: Sartwelle,   James D., III; Richardson,   James W.; Schumann,   Keith D.
An economic analysis of alternative best management practices (BMPs) for atrazine remediation in Hill County, Texas, was performed by the Agricultural and Food Policy Center (AFPC) at Texas A&amp;M University. Using the farm-level economic simulation model FLIPSIM, AFPC scientists analyzed the financial effects of the alternative BMPs on the Texas Blackland Prairie representative farm. This farm consists of 2,000 dryland acres divided among corn (600 acres), sorghum (750 acres), wheat (250 acres), and native pasture (150 acres). This farm also maintains a small beef cowherd. Regularly updated, the AFPC maintains more than 95 farms across the nation that form the basis for probabilistic-based agricultural policy evaluation.
Tipo: Report
Palavras-chave: Agribusiness; Agricultural and Food Policy; Resource /Energy Economics and Policy.
Ano: 2001
URL: http://purl.umn.edu/42718

ECONOMIC INCENTIVES FOR PST ADOPTION BY MIDWEST HOG PRODUCERS
Provedor de dados: 31
Autores: Richardson,   James W.; Anderson,   David P.; Peel,   Derrell S.; Phillips,   Mike.
A whole-farm simulation model is used to analyze the impacts of PST adoption on representative farms in Missouri and Indiana. Farmers who do not adopt experience lower average annual net cash farm incomes than adopters. Lower feed prices and/or an average PST/feed response decrease the incentive adopt. Payment of a 5 percent carcass merit premium (CMP) and/or higher grain prices greatly increase the economic incentive to adopt.
Tipo: Journal Article
Palavras-chave: Carcass merit premium; PST; Simulation; Livestock Production/Industries.
Ano: 1993
URL: http://purl.umn.edu/15032

STOCHASTIC EFFICIENCY ANALYSIS USING MULTIPLE UTILITY FUNCTIONS
Provedor de dados: 31
Autores: Schumann,   Keith D.; Richardson,   James W.; Lien,   Gudbrand D.; Hardaker,   J. Brian.
Evaluating the risk of a particular decision depends on the risk aversion of the decision maker related to the underlying utility function.  The objective of this paper is to use stochastic efficiency with respect to a function (SERF) to compare the ranking of risky alternatives using alternative utility functional forms.
Tipo: Conference Paper or Presentation
Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2004
URL: http://purl.umn.edu/19957

LOCATION OF A MIXALCO PRODUCTION FACILITY WITH RESPECT TO ECONOMIC VIABILITY
Provedor de dados: 31
Autores: Lau,   Michael H.; Richardson,   James W.; Outlaw,   Joe L.; Fuller,   Stephen W.; Nixon,   Clair J.; Herbst,   Brian K.
Monte-Carlo simulation modeling is used to perform a feasibility study of alternative locations for a MixAlco production facility. Net present value distributions will be ranked within feasible risk aversion boundaries. If MixAlco is a profitable investment, it would have a major impact on the fuel oxygenate and gasoline markets.
Tipo: Conference Paper or Presentation
Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2004
URL: http://purl.umn.edu/20025

IMPLICATIONS OF TAX POLICY CHANGES FOR AGRICULTURE, RURAL COMMUNITIES, AND BUSINESSES
Provedor de dados: 31
Autores: Nixon,   Clair J.; Richardson,   James W.
Tipo: Conference Paper or Presentation
Palavras-chave: Public Economics.
Ano: 1985
URL: http://purl.umn.edu/17965

REPRESENTATIVE FARMS ECONOMIC OUTLOOK FOR THE JANUARY 1998  FAPRI/AFPC BASELINE
Provedor de dados: 31
Autores: Smith,   Edward G.; Richardson,   James W.; Anderson,   David P.; Gray,   Allan W.; Klose,   Steven L.; Knutson,   Ronald D.; Outlaw,   Joe L.; Feldman,   Paul A.; Land,   C. Shane; Schwart,   Robert B., Jr.
The results of analyzing 74 representative crop, livestock, and dairy farms located in key production regions over the 1997-2002 time frame are presented in this paper. Fifty of the 74 farms monitored appear to be financially sound. Ten of the 74 are showing signs of financial stress due to low net cash incomes relative to cash flow requirements. Fourteen of the 74 farms are likely to not survive financially over the six year planning horizon.
Tipo: Working or Discussion Paper
Palavras-chave: Farm Management.
Ano: 1998
URL: http://purl.umn.edu/24024

Impact of Alternative Property and Sales Tax Policies on Texas Representative Cotton Farms
Provedor de dados: 31
Autores: Raulston,   J. Marc; Outlaw,   Joe L.; Richardson,   James W.; Klose,   Steven L.; Sartwelle,   James D., III.
The call for school finance reform has threatened to modify or possibly remove the current property and sales and use tax exemptions currently benefiting Texas cotton producers. This study utilizes a whole farm simulation model to evaluate the economic and financial impact of three alternative sales and/or property tax policy changes on Texas cotton farms along with their respective landowners. Results indicate that removing sales tax exemptions would most adversely impact producers, while removing property tax exemptions has a more negative effect on landowners.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2004
URL: http://purl.umn.edu/42137

Policy Goals and the Design of Farm Programs: An Evaluation of FAIR
Provedor de dados: 31
Autores: Knutson,   Ronald D.; Richardson,   James W.; Smith,   Edward G.; Anderson,   David P.; Ochoa,   Rene F.
Evaluating the performance of our current farm programs initially requires a specification of policy goals. In performing this exercise, we conclude that the goals have changed, much like the policies have changed. We then evaluate whether the current set of policies will fulfill the goals in a politically acceptable manner. It is concluded that this is questionable, at least in the short run. Moreover, it is concluded that, regardless of what is done in policy terms, the farm structure will continue to undergo dramatic change. Policies will affect the rate of change in structure, but not the direction which will continue toward fewer but larger integrated farms.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 1999
URL: http://purl.umn.edu/42791

Effects of Recent Fossil Energy Market Developments on U.S. Ethanol
Provedor de dados: 31
Autores: Bryant,   Henry L.; Outlaw,   Joe L.; Richardson,   James W.; Higgins,   Lindsey M.; Campiche,   Jody L.
After several months of increases, fossil fuel prices decreased substantially in August and September of 2006. • Crude oil prices directly affect gasoline prices, which are an important determinant of ethanol demand. Natural gas prices are an important cost of ethanol production. • This briefing paper provides projections of ethanol and corn prices, production, and use, given recent developments in fossil fuel markets.
Tipo: Working or Discussion Paper
Ano: 2006
URL: http://purl.umn.edu/42093

Stochastic efficiency analysis with risk aversion bounds: a simplified approach
Provedor de dados: 31
Autores: Hardaker,   J. Brian; Richardson,   James W.; Lien,   Gudbrand D.; Schumann,   Keith D.
A method of stochastic dominance analysis with respect to a function (SDRF) is described and illustrated. The method, called stochastic efficiency with respect to a function (SERF), orders a set of risky alternatives in terms of certainty equivalents for a specified range of attitudes to risk. It can be applied for conforming utility functions with risk attitudes defined by corresponding ranges of absolute, relative or partial risk aversion coefficients. Unlike conventional SDRF, SERF involves comparing each alternative with all the other alternatives simultaneously, not pairwise, and hence can produce a smaller efficient set than that found by simple pairwise SDRF over the same range of risk attitudes. Moreover, the method can be implemented in a simple...
Tipo: Journal Article
Palavras-chave: Risk and Uncertainty.
Ano: 2004
URL: http://purl.umn.edu/117962

A Brief Summary of U.S. Farm Program Provisions
Provedor de dados: 31
Autores: Richardson,   James W.; Anderson,   David P.; Outlaw,   Joe L.
This brief publication began as a need for a short summary of farm programs and farm bills for two agricultural economics courses focusing on agricultural policy -- ag. economics 429, and ag. economics 614. It became clear that many students taking these courses had less and less background in agriculture and less (even cursory) knowledge of policies than those of the recent past. After this list was developed a number of other professional agricultural economists found copies and began to use it, hence its publication in a more structured form. The list of Farm Program Provisions is not all-inclusive. It certainly does not contain all the laws and provisions that have affected agriculture over the years. However, it is an easy reference to farm bills and...
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2002
URL: http://purl.umn.edu/42712

Economic Outlook for Representative Dairies Given the August 2007 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Herbst,   Brian K.; Raulston,   J. Marc.
While projected milk prices are a primary determinant of the financial viability of the representative dairies, the prices of feed crops and cattle prices can also have an impact. Most of the dairies produce hay, silage, and other crops and are often net buyers. Commodity prices have a major impact on dairy returns because feed represents the number one cost for dairies. With the recent increase in demand for corn, prices are projected to increase, potentially affecting rations and feed costs. Projected milk and livestock prices for FAPRI’s August 2007 Baseline are presented in Table 1. In general, milk prices are projected to decrease each year from 2007 though 2012 after the large increase in price from 2006 to 2007. Cattle prices are expected to...
Tipo: Working or Discussion Paper
Ano: 2007
URL: http://purl.umn.edu/37978

Mexican Representative Hog Farms 1995-2004 Economic Outlook: Preliminary Study
Provedor de dados: 31
Autores: Sagarnaga,   Myriam; Ochoa,   Rene F.; Salas,   Jose M.; Anderson,   David P.; Richardson,   James W.; Knutson,   Ronald D.
The farm-level financial outlook for representative Mexican hog operations is projected in this report. The primary objective of this analysis is to determine the economic viability of Mexican hog farms by region and production system over the 1995-2004 planning horizon. The Agricultural and Food Policy Center’s (AFPC) whole farm simulation model (FLIPSIM) and FAPRI’s sector level price projections were used. The FLIPSIM model incorporates historical production, economic and financial data to project future economic and financial performance of representative agricultural firms over a given planning horizon (Richardson and Nixon, 1985).
Tipo: Report
Palavras-chave: Agribusiness; Agricultural and Food Policy; Livestock Production/Industries.
Ano: 2000
URL: http://purl.umn.edu/42786

IMPACTS OF PRICE VARIABILITY ON MARKETING MARGINS AND PRODUCER VIABILITY IN THE TEXAS WHEAT INDUSTRY
Provedor de dados: 31
Autores: Brorsen,   B. Wade; Grant,   Warren R.; Richardson,   James W.; Schnake,   L.D.
The effects on marketing margins and Texas what producers of shifting from a period with stable prices to a period without stable prices were investigated using both econometric and simulation techniques.  Empirical evidence reveals wheat export firms are risk averse and that either futures markets were unable to absorb increased price risk or futures markets absorbed increased price risk at a cost of $0.054 per bushel.  Increased variability in prices and reduced farm program benefits substantially reduced the probability of Texas wheat producers receiving a reasonable return on equity and a reasonable rate of asset accumulation.
Tipo: Journal Article
Palavras-chave: Crop Production/Industries; Marketing.
Ano: 1984
URL: http://purl.umn.edu/32144

Representative Farms Economic Outlook for the August 2005 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Herbst,   Brian K.; Knapek,   George M.; Anderson,   David P.; Sartwelle,   James D., III; Raulston,   J. Marc; Feldman,   Paul A.; Schumann,   Keith D.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 (2002 Farm Bill) on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2002-2009 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming and ranching operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2005 Baseline. The primary objective of the analysis is to determine the farms’...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/42133

Representative Farms Economic Outlook for the August 2006 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Herbst,   Brian K.; Knapek,   George M.; Anderson,   David P.; Sartwelle,   James D., III; Raulston,   J. Marc; Fumasi,   Roland J.; Klose,   Steven L.; Zimmel,   Peter.
The Agricultural and Food Policy Center (AFPC) at Texas A&amp;M University develops and maintains data to simulate 100 representative crop, dairy, and livestock operations in major production areas in 28 states. The chief purpose of this analysis is to project those farms’ economic viability by region and commodity for 2006 through 2011. The data necessary to simulate the economic activity of these operations is developed through ongoing cooperation with panels of agricultural producers in each of these states. The Food and Agricultural Policy Research Institute (FAPRI) provided projected prices, policy variables, and input inflation rates in their August 2006 Baseline. Under the August 2006 Baseline, 14 of the 65 crop farms are considered in good...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/42101

Investigating the Redundancies in Current Farm Programs
Provedor de dados: 31
Autores: Knapek,   George M.; Richardson,   James W.; Outlaw,   Joe L.; Raulston,   J. Marc.
Tipo: Conference Paper or Presentation
Palavras-chave: Farm Programs; Agricultural and Food Policy; Risk and Uncertainty.
Ano: 2011
URL: http://purl.umn.edu/98841

REGIONAL COTTON ACREAGE RESPONSE
Provedor de dados: 31
Autores: Duffy,   Patricia A.; Richardson,   James W.; Wohlgenant,   Michael K.
An econometric model of cotton acreage response was estimated for four distinct production regions in the United States. This work builds on previous work in the area of supply response under government farm programs and provides up-to-date regionalized estimates of own-price elasticity of cotton acreage supply. The own-price variable used in this study is a weighted combination of expected market price and government policy variables. Results indicate regional similarity in response to own price but differences with respect to the prices of alternative enterprises. Differences in regional response to paid diversion are also indicated.
Tipo: Journal Article
Palavras-chave: Crop Production/Industries.
Ano: 1987
URL: http://purl.umn.edu/29315

Representative Farms Economic Outlook for the January 2005 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Herbst,   Brian K.; Knapek,   George M.; Anderson,   David P.; Sartwelle,   James D., III; Raulston,   J. Marc; Feldman,   Paul A.; Schumann,   Keith D.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 (2002 Farm Bill) on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2002-2009 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming and ranching operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) January 2005 Baseline. The primary objective of the analysis is to determine the farms’...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/42135

The Farm Level Impacts of Replacing Current Farm Programs with a Whole Farm Revenue Program
Provedor de dados: 31
Autores: Raulston,   J. Marc; Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.
This study evaluates the farm level economic impacts of implementing a whole farm revenue insurance program in lieu of current government program payments on agricultural producers in major production areas of the United States.  Realizing a multitude of viable options exist, this study demonstrates one way a whole farm revenue coverage program could work at the farm level and makes comparisons between the current baseline situation and alternative levels of revenue coverage implementation.
Tipo: Conference Paper or Presentation
Palavras-chave: Agricultural policy; Simulation; Representative farms; Government payments; Crop insurance; Revenue coverage; Agricultural and Food Policy.
Ano: 2011
URL: http://purl.umn.edu/98785

Web Delivery of a Monte Carlo Simulation Model: The Base and Yield Analyzer Experience
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.
The provision for producers to update base acres and payment yields in the 2002 farm bill afforded an opportunity to test whether it was feasible to deliver a complex simulation model directly to producers.  A Monte Carlo simulation model for assessing the economic impacts of the alternative base and yield options on individual farms was developed and made available to producers via the World Wide Web.  The experiences and challenges from this collaborative extension and research effort are described, as well as the issues educators might consider before delivering complex software to a national audience via the Web.
Tipo: Journal Article
Palavras-chave: Base and yield update; 2002 farm bill; Monte Carlo simulation; C15; D83; Q12; Q16.
Ano: 2005
URL: http://purl.umn.edu/43517

Economic Feasibility of a Mobile Fast Pyrolysis System for Sustainable Bio-crude Oil Production
Provedor de dados: 31
Autores: Palma,   Marco A.; Richardson,   James W.; Roberson,   Brad E.; Ribera,   Luis A.; Outlaw,   Joe L.; Munster,   Clyde.
The Official journal of IFAMA. www.ifama.org
Tipo: Journal Article
Palavras-chave: Biofuels; Pyrolysis; Economic analysis; Agribusiness; Demand and Price Analysis; Production Economics; Resource /Energy Economics and Policy; Q010; Q240; Q160.
Ano: 2011
URL: http://purl.umn.edu/114636

Farm Level Comparison of H.R. 2646 and S. 1731
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Schumann,   Keith D.; Feldman,   Paul A.; Sartwelle,   James D., III; Gill,   Chope; Kaman,   Paul; Houston,   Christy M.; Womack,   Abner W.
The provisions in the House (H.R. 2646) and Senate (S. 1731) farm bills are analyzed with respect to their impacts on 94 representative crop, livestock, and dairy farms. The analysis incorporates both historical price and production risk for the farms so the “safety net” aspects of the bills can be compared.  Representative crop livestock and dairy farms for major production regions across the county are analyzed. Information to describe and simulate these farms comes from a panel of farmers in each local area. The farm panels are reconvened frequently to update their farm’s data. The representative farm data base has been used for policy analysis for more than 15 years. The simulation model used for the analysis was developed by AFPC scientists.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy.
Ano: 2002
URL: http://purl.umn.edu/42716

REGIONAL COST SHARE NECESSARY FOR RANCHER PARTICIPATION IN BRUSH CONTROL
Provedor de dados: 31
Autores: Lee,   Andrew C.; Conner,   J. Richard; Mjelde,   James W.; Richardson,   James W.; Stuth,   Jerry W.
Large-scale brush-control programs are being proposed in Texas to increase off-site water yields.  Biophysical and economic simulation models are combined to estimate the effects of brush control on representative ranches in four ecological regions of the Edwards Plateau area of Texas.  Net present values of representative ranches in three of four regions decrease with brush control.  Cost shares necessary for ranches from the three regions to break even range from 7% to 31% of total brush-control costs.  Any large-scale brush-control program will therefore require a substantial investment by the state of Texas.
Tipo: Journal Article
Palavras-chave: Agribusiness.
Ano: 2001
URL: http://purl.umn.edu/31036

Representative Farm Analysis of the H.R. 2646 Farm Bill Proposal
Provedor de dados: 31
Autores: Richardson,   James W.; Smith,   Edward G.; Womack,   Abner W.; Anderson,   David P.; Outlaw,   Joe L.; Klose,   Steven L.; Schumann,   Keith D.; Feldman,   Paul A.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42726

Evaluation of Alternative Base Periods for a Rice Counter Cyclical Payment Program and Added AMTA
Provedor de dados: 31
Autores: Smith,   Edward G.; Richardson,   James W.; Womack,   Abner W.; Houston,   Christy M.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42771

FARM BILL STAKEHOLDERS: COMPETITORS OR COLLABORATORS?
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Klose,   Steven L.
Tipo: Journal Article
Palavras-chave: Farm Bill; Policy; Deficit; Nutrition; Renewable Energy; Agricultural and Food Policy; Q10; Q18.
Ano: 2011
URL: http://purl.umn.edu/109481

Economic Outlook for Representative Dairies Given the August 2006 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Herbst,   Brian K.; Raulston,   J. Marc.
While projected milk prices are a primary determinant of the financial viability of the representative dairies, the prices of feed crops and cattle prices can also have an impact. Most of the dairies produce hay, silage, and other crops and are often net buyers. Commodity prices have a major impact on dairy returns because feed represents the number one cost for dairies. With the recent increase in demand for corn, prices are projected to increase, potentially affecting rations and feed costs.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Livestock Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/42091

An Economic Examination of Potential Ethanol Production in Texas
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Anderson,   David P.; Klose,   Steven L.; Richardson,   James W.; Herbst,   Brian K.; Waller,   Mark L.; Raulston,   J. Marc; Sneary,   Shannon L.; Gill,   Robert Chope, II.
Tipo: Report
Palavras-chave: Agribusiness; Agricultural and Food Policy; Resource /Energy Economics and Policy.
Ano: 2003
URL: http://purl.umn.edu/42707

The Economic Impacts of the Federal Milk Marketing Order Consolidation and Reform Proposed Rule
Provedor de dados: 31
Autores: Knutson,   Ronald D.; Anderson,   David P.; Schwart,   Robert B., Jr.; Richardson,   James W.; Feldman,   Paul A.
USDA released the proposed rule for Federal Milk Marketing Order (EMMO) Consolidation and reform on January 23rd, 1998. The rule met the mandate of the 1996 farm bill to propose a plan to consolidate the number of federal orders. Class I differential and Basic Formula Price (BEP) reform was also addressed in the report. Based on the proposed rule and USDA’s economic impact study, this briefing paper contains an analysis of the impacts of the consolidation and reform rule on U.S. representative dairy farms over the 1999-2004 period. Four options are analyzed in this report. They include: lA — A nationally coordinated system of location specific Class I price differentials. The differential has a value of $1.60 per cwt in the base zones of the Upper Midwest,...
Tipo: Working or Discussion Paper
Palavras-chave: Federal Milk Marketing Order; FMMO; Agribusiness; Agricultural and Food Policy; Livestock Production/Industries.
Ano: 1998
URL: http://purl.umn.edu/37974

ANALYZING PEST CONTROL STRATEGIES FOR COTTON WITH AN ENVIRONMENTAL IMPACT MATRIX
Provedor de dados: 31
Autores: Richardson,   James W.; Badger,   Daniel D.
Tipo: Journal Article
Palavras-chave: Environmental Economics and Policy.
Ano: 1974
URL: http://purl.umn.edu/29825

The Farm Level Economic Impacts of Increased Cash Lease Rates
Provedor de dados: 31
Autores: Raulston,   J. Marc; Knapek,   George M.; Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.
Higher commodity price expectations have led to increases in cash lease rates nationwide. This study evaluates the farm level impacts of higher cash lease rates. Current levels of cash rents along with land tenure arrangements of specific farms are instrumental in determining the impacts of increases in lease rates.
Tipo: Conference Paper or Presentation
Palavras-chave: Farm Management; Land Economics/Use.
Ano: 2008
URL: http://purl.umn.edu/6767

The Impact of the National Counter-Cyclical Income Support Program for Dairy Producers on Representative Dairy Farms
Provedor de dados: 31
Autores: Anderson,   David P.; Richardson,   James W.; Outlaw,   Joe L.
This report contains the results of an analysis of the National Counter-Cyclical Income Support Program for Dairy Producers on the Agricultural and Food Policy Center’s (AFPC) representative dairy farms. The impact of the proposal on the representative farms is evaluated in terms of the change in average annual cash receipts and the change in the average annual net cash farm income. The role and potential importance of payment limits on these farms are discussed. All milk prices by state and program benefits under the payment limit binding and nonbinding scenarios were developed by FAPRI and were applied to the representative dairies. For more information on those results see the FAPRI analysis of this program.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Livestock Production/Industries.
Ano: 2001
URL: http://purl.umn.edu/42723

Preliminary Analysis of House of Representatives Draft Concept Paper for the 2002 Farm Bill
Provedor de dados: 31
Autores: Richardson,   James W.; Smith,   Edward G.; Womack,   Abner W.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42769

IMPACTS OF ALTERNATIVE FARM POLICIES ON RURAL COMMUNITIES
Provedor de dados: 31
Autores: Bowker,   James Michael; Richardson,   James W.
The purpose of this study was to describe an LP/IO model for evaluating the economic impacts of alternative farm policies on rural communities and demonstrate its capabilities by analyzing the impacts of three farm policies on a rural community in Texas. Results indicate that in the noncrop sector, two groups of industries are most affected by farm policy. The first group relates to production directly (agricultural services, banking and credit, and nondurable manufacturing) and the second group relates to households (retail trade and services). Farm policies which reduce production but increase net returns cause losses for the first group while benefitting the second group. Both groups are made worse off by farm policies which reduce agricultural...
Tipo: Journal Article
Palavras-chave: Agricultural and Food Policy; Community/Rural/Urban Development.
Ano: 1989
URL: http://purl.umn.edu/30088

Evaluating a Marketing Loan Program for Wool and Mohair
Provedor de dados: 31
Autores: Anderson,   David P.; Richardson,   James W.; Smith,   Edward G.
The wool and mohair industries have been in a period of radical transition over the last few years. A number of issues have adversely impacted wool and mohair producers. These include loss of milling infrastructure, world economic events that have severely damaged export markets, increasing imports of lamb, and severe drought. This analysis builds on an econometric model of the sheep and angora goat industries. The models estimate and project supply, demand, and price. Projections are made over the 2001-2005 period. Simulation modeling techniques are used to develop probabilities of outcomes. That allows for the development of average government costs and probabilities of costs in each year. Loan rates are developed using cotton as the model. The current...
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy; Livestock Production/Industries.
Ano: 2001
URL: http://purl.umn.edu/42776

Location Preference for Risk-Averse Dutch Dairy Farmers Immigrating to the United States
Provedor de dados: 31
Autores: Richardson,   James W.; Herbst,   Brian K.; Duncan,   Anthony; den Besten,   Mark; van Hoven,   Peter.
Increased environmental regulations and a milk quota that restricts growth have increased the interest in immigration to the United States by Dutch dairy farmers.  A risk-based economic analysis of 23 representative U.S. dairy farms versus a representative Dutch farm shows that risk-averse Dutch dairy farmers would prefer to liquidate their dairy farms and invest in a large dairy in Idaho or north Texas.  The risk ranking suggested that continuing to farm in the Netherlands rather than immigrating to the United States is preferred over only two of the 23 U.S. representative farms analyzed.
Tipo: Journal Article
Palavras-chave: Dairy relocation; Production economics; Ranking risky alternatives; Risk analysis; F21; F22; Q12; Q14; E37; D81.
Ano: 2007
URL: http://purl.umn.edu/37061

Representative Farms Economic Outlook for the December 2006 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Fumasi,   Roland J.; Anderson,   David P.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2004-2011 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: • Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms, and • Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) December 2006 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for prices...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/42090

The Impact of Rising Energy Costs on Representative Farms
Provedor de dados: 31
Autores: Raulston,   J. Marc; Knapek,   George M.; Richardson,   James W.; Outlaw,   Joe L.; Bryant,   Henry L.
Recent increases in natural gas and fossil fuel based energy sources have had a negative impact on the financial condition of agricultural producers across the nation. • In addition to higher fuel costs for trucks, equipment, and irrigation motors, the cost of nitrogen fertilizer is closely linked to energy prices and has also increased significantly. • This study quantifies the impacts of these increases on the economic viability of representative farms located throughout the United States for the years 2005 and 2006.
Tipo: Working or Discussion Paper
Palavras-chave: Crop Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/42108

Examining the Evolving Correspondence Between Petroleum Prices and Agricultural Commodity Prices
Provedor de dados: 31
Autores: Campiche,   Jody L.; Bryant,   Henry L.; Richardson,   James W.; Outlaw,   Joe L.
Over the last few years, the production of renewable fuels has increased dramatically.  Rising oil prices, limited supplies of fossil fuel, and increased concerns about global warming have created a growing demand for renewable energy sources.  Both the ethanol and biodiesel industries have experienced tremendous growth in the past few years.  The production of these fuels is highly dependent on the availability of agricultural feedstocks.  This research examined the covariability between crude oil prices and corn, sorghum, sugar, soybeans, soybean oil, and palm oil prices during the 2003-2007 time period.  Johansen cointegration tests revealed no cointegrating relationships during the 2003-2005 time frame.  However, corn prices and soybean prices were...
Tipo: Conference Paper or Presentation
Palavras-chave: Energy; Ethanol; Biodiesel; Renewable fuels; Crude oil prices; Cointegration; Demand and Price Analysis; Q11; Q13; Q42.
Ano: 2007
URL: http://purl.umn.edu/9881

Representative Farm Analysis of the S. 1731 Farm Bill Proposal
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Klose,   Steven L.; Anderson,   David P.; Womack,   Abner W.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42721

Impact of the FSRIA of 2002 on Texas Agriculture
Provedor de dados: 31
Autores: Sartwelle,   James D., III; Klose,   Steven L.; Outlaw,   Joe L.; Anderson,   David P.; Richardson,   James W.
The recently passed (and awaiting presidential signature) Farm Security and Rural Investment Act of 2002 includes many changes in current farm programs. The farm bill is expected to have a large impact on Texas producers’ bottom lines. This report provides estimates of the impacts of the farm bill on Texas crop producers for the 2002-2003 crop year. These results should be considered preliminary. A full, in-depth study of the 2002 FSRIA is underway at this time. Results of that study should be available by early June. Producer returns are presented as coupled and decoupled returns. Coupled returns include market receipts and government payments in the form of loan deficiency payments or marketing loan gains. They are termed coupled because they are...
Tipo: Report
Palavras-chave: Agricultural and Food Policy.
Ano: 2002
URL: http://purl.umn.edu/45913

Economic Impacts of Farm Program Payment Limits
Provedor de dados: 31
Autores: Knutson,   Ronald D.; Richardson,   James W.; Smith,   Edward G.; Rister,   M. Edward; Grant,   Warren R.; Lippke,   Lawrence A.; Israelsen,   Craig L.
The high levels of government payments to farmers resulting from the 1985 farm bill have once again led the Congress to examine the payment limit issue. Payment limits were initially established in 1970 and have since been revised several times. In this report, policy and farm management economists analyze the consequences of alternative payment limits on economic efficiency, economic viability of family-size farms, international competitiveness, and consumer food costs. Effective payment limits encourage reduced farm size and in the presence of economies of size, tend to increase production costs for program crops. The Agricultural and Food Policy Center is charged with evaluating economic impacts of policy alternatives -- not recommending, advocating, or...
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2002
URL: http://purl.umn.edu/42717

A FARM-LEVEL LOOK AT THE FUTURE OF AMERICAN AGRICULTURE
Provedor de dados: 31
Autores: Smith,   Edward G.; Knutson,   Ronald D.; Richardson,   James W.; Anderson,   David P.
Relatively low crop prices over the past two years, as well as regional weather adversity, has been the catalyst for the passage of "ad hoc" emergency relief. This paper examines the economic and financial status of 41 representative panel farms over the 1999-2002 period. When forecasting through the life of the 1996 Farm Bill, the representative crop farms are assessed by Texas A&amp;M's Agricultural and Food Policy Center to be in the weakest condition observed over the last decade for liquidity and the related need to refinance.
Tipo: Journal Article
Palavras-chave: Agricultural policy; Farm profitability; Liquidity; Agricultural and Food Policy; Agricultural Finance.
Ano: 2000
URL: http://purl.umn.edu/14702

Viability of cellulosic feedstock production from producer to biorefinery
Provedor de dados: 31
Autores: Fumasi,   Roland J.; Klose,   Steven L.; Kaase,   Greg H.; Richardson,   James W.; Outlaw,   Joe L.
Tipo: Journal Article
Palavras-chave: Crop Production/Industries; Resource /Energy Economics and Policy.
Ano: 2008
URL: http://purl.umn.edu/48716

Economic Outlook for Texas Representative Cotton Farms Given the August 2003 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Raulston,   J. Marc; Anderson,   David P.; Sartwelle,   James D., III; Feldman,   Paul A.; Schumann,   Keith D.; Herbst,   Brian K.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative Texas cotton operations are projected in this report. The analysis was conducted over the 2001-2007 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in Texas’ major cotton production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative cotton farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2003 Baseline. The primary objective of the analysis is to determine the farms’ economic viability by region through the life of the 2002 Farm...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2003
URL: http://purl.umn.edu/42685

Representative Farms Economic Outlook for the August 2007 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Fumasi,   Roland J.; Anderson,   David P.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2005-2012 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: • Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms, and • Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2007 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for prices...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2007
URL: http://purl.umn.edu/37982

Representative Farms Economic Outlook for the December 2004 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Herbst,   Brian K.; Anderson,   David P.; Sartwelle,   James D., III; Raulston,   J. Marc; Feldman,   Paul A.; Schumann,   Keith D.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 (2002 Farm Bill) on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2002-2009 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming and ranching operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) December 2004 Baseline. The primary objective of the analysis is to determine the farms’...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2004
URL: http://purl.umn.edu/42672

SOIL CONSERVATION OR COMMODITY PROGRAMS: TRADE OFFS DURING THE TRANSITION TO DRYLAND CROP PRODUCTION
Provedor de dados: 31
Autores: Lee,   John G.; Lacewell,   Ronald D.; Richardson,   James W.
Predicted crop yields and wind erosion rates from a multi-year/multi-crop growth simulation model provided input into a multi-period recursive QP model to evaluate erosion implications during the transition to dryland crop production on the Texas Southern High Plains.  Three farm-program participation options were considered in this study.  Participation in an extension of the current farm program resulted in an increase in net returns and wind erosion rates above nonparticipation.  Imposition of a soil loss limit without consideration of a flexible base option can significantly reduce discounted present values.  Increasing risk aversion across producers affects crop mix selection which can result in lower per acre wind erosion rates for this particular...
Tipo: Journal Article
Palavras-chave: Crop Production/Industries.
Ano: 1991
URL: http://purl.umn.edu/30306

Analysis of H.R. 2646 on Land Tenure Arrangements on U.S. Representative and Texas FARM Assistance Farms
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Klose,   Steven L.; Richardson,   James W.; Anderson,   David P.; Womack,   Abner W.
This report analyzes whether H.R. 2646 may provide economic incentives for landlords to end current land tenure arrangements with tenants and take over management (and government payments) associated with their land. This work is a followup to Briefing Paper 01-9, Representative Farm Analysis of the H.R. 2646 Farm Bill Proposal that analyzes the impacts of H.R. 2646 on the representative crop farms maintained by the Agricultural and Food Policy Center (AFPC).
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Land Economics/Use.
Ano: 2001
URL: http://purl.umn.edu/42719

Representative Farms Economic Outlook for the January 2006 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Sartwelle,   James D., III; Anderson,   David P.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2004-2010 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: • Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms, and • Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) January 2006 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for prices...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/42100

AN INTERACTIVE ILLUSTRATION OF FARM PROGRAM PROVISIONS
Provedor de dados: 31
Autores: Klose,   Steven L.; Schumann,   Keith D.; Knapek,   George M.; Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.
Explaining the details and the impacts of government program provisions to agricultural producers can be a challenge for extension educators.  This paper introduces a visual interactive tool that demonstrates the calculations of government payments established in the 2002 farm bill.  Additionally, the paper explains how the tool is created in Microsoft® Excel and may be used in other areas.
Tipo: Conference Paper or Presentation
Palavras-chave: Agricultural and Food Policy.
Ano: 2003
URL: http://purl.umn.edu/35031

The Impact of Land Fragmentation on Beef Cattle Inventory
Provedor de dados: 31
Autores: Mervish,   Philip; Anderson,   David P.; Richardson,   James W.; Outlaw,   Joe L.
Many groups have discussed with alarm the impact of agricultural land conversion to non-agricultural uses. This research indicates little evidence that beef cow inventory has been negatively affected by land fragmentation. Average acres per transaction, total transactions, or a fragmentation index did not have an important effect on cattle inventory.
Tipo: Conference Paper or Presentation
Palavras-chave: Land Economics/Use; Livestock Production/Industries.
Ano: 2008
URL: http://purl.umn.edu/6816

Economic Outlook for Representative Ranches Given the August 2006 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Fumasi,   Roland J.; Raulston,   J. Marc.
The Agricultural and Food Policy Center (AFPC) at Texas A&amp;M University develops and maintains data to simulate twelve representative cow/calf operations in major production areas of ten states. The chief purpose of this analysis is to project those ranches’ economic viability for 2006 through 2011. The data necessary to simulate the economic activity of these operations is developed through ongoing cooperation with panels of ranchers in each of these states. The Food and Agricultural Policy Research Institute (FAPRI) provided projected prices, policy variables, and input inflation rates in their August 2006 Baseline that were used to analyze the viability of the AFPC representative ranches. Under the August 2006 Baseline, the Montana ranch (MTB500),...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Livestock Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/42092

Representative Farms Economic Outlook for the January 2001 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Anderson,   David P.; Smith,   Edward G.; Womack,   Abner W.; Feldman,   Paul A.; Schumann,   Keith D.; Outlaw,   Joe L.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Ochoa,   Rene F.; Kristinek,   Jennifer.
The farm level economic impacts of projected long term prices under the Federal Agriculture Improvement and Reform Act of 1996 (FAIR) on representative crop and livestock operations are projected in this report. For this report the FAIR Act will be referred to as the 1996 Farm Bill. The analysis was conducted over the 1996-2005 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI)...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2001
URL: http://purl.umn.edu/42783

Impacts of the Administration's 2007 Farm Bill Proposal on Representative Crops, Dairy and Beef Cattle Farms -- Revised
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Raulston,   J. Marc; Anderson,   David P.
For the first time in two decades, the Secretary of Agriculture provided the House and Senate Agriculture Committees a farm bill proposal from the Administration. The Administration’s Proposal is a comprehensive revision of the 2002 farm bill with suggested changes to all titles. Four major proposed changes to Title 1 Commodity Programs are analyzed and reported in this Briefing Paper. The four key policy changes analyzed are: - an increase in direct payment rates, - a reduction in loan rates for most crops, - the replacement of the counter cyclical payment (CCP) program with a counter cyclical revenue (CCR) program, and  - a change in eligibility for farm program payments by using $200,000 adjusted gross income (AGI) for a means test. The economic impact...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2007
URL: http://purl.umn.edu/42082

FARM PROGRAMS, PESTICIDE USE, AND SOCIAL COSTS
Provedor de dados: 31
Autores: Richardson,   James W.
Tipo: Journal Article
Palavras-chave: Environmental Economics and Policy.
Ano: 1973
URL: http://purl.umn.edu/29419

Analysis of the Administration's Proposed Formula for Loan Rates
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2007
URL: http://purl.umn.edu/42084

Representative Farms Economic Outlook: Update to the 1998 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Anderson,   David P.; Gray,   Allan W.; Feldman,   Paul A.
An update of the January 1998 FAPRI/AFPC Baseline for the representative crop and hog operations is provided in this Briefing Paper.  FAPRI’s update of prices in the January 1998 Baseline for 1998 conditions are projected at the farm level in terms of their likely impacts on net farm income.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 1998
URL: http://purl.umn.edu/42796

THE EFFECTS OF THE 1980, 1981, AND 1982 TAX LAWS ON TEXAS RICE FARMERS
Provedor de dados: 31
Autores: Richardson,   James W.; Nixon,   Clair J.
A whole farm Monte Carlo simulation model was used to simulate a typical rice farm on the Texas Gulf Coast for 10 years under the 1980, 1981, and 1982 income tax provisions.  Results for this analysis indicate that the 1981 tax provisions clearly were more beneficial to farm operators than the 1980 or 1982 income tax provisions.  While the 1981 and 1982 tax law changes clearly improved the cash flow of farm operators, they did not greatly improve the wealth positions of farm operators in the Texas Gulf Coast.
Tipo: Journal Article
Palavras-chave: Political Economy.
Ano: 1984
URL: http://purl.umn.edu/29608

Comparison of Risk Between Cropping Systems in Eastern Norway
Provedor de dados: 31
Autores: Lien,   Gudbrand D.; Flaten,   Ola; Schumann,   Keith D.; Richardson,   James W.; Korsaeth,   Audun; Eltun,   Ragnar.
The aim of this study was to compare production and policy risk of organic, integrated and conventional cropping systems in Norway. Experimental cropping system data (1991-1999) from eastern Norway were combined with budgeted data. Empirical distributions of total farm income for different cropping systems were estimated with a simulation model that uses a multivariate kernel density function to smooth the limited experimental data. Stochastic efficiency with respect to a function (SERF) was used to rank the cropping systems for farmers with various risk aversion levels. The results show that the organic system had the greatest net farm income variability, but the existing payment system and organic price premiums makes it the most economically viable...
Tipo: Conference Paper or Presentation
Palavras-chave: Organic; Integrated and conventional crop farming; Stochastic simulation; Multivariate kernel estimator; Risk aversion; Stochastic efficiency with respect to a function; Crop Production/Industries; Risk and Uncertainty; Q12; C44.
Ano: 2005
URL: http://purl.umn.edu/24663

THE FEASIBILITY OF ETHANOL PRODUCTION IN TEXAS
Provedor de dados: 31
Autores: Klose,   Steven L.; Anderson,   David P.; Outlaw,   Joe L.; Herbst,   Brian K.; Richardson,   James W.
The resurgence of interest in ethanol production has also prompted interest in Texas. Projected net present values for ethanol plant investment are well below zero for corn based ethanol plants, but are positive for sorghum.  Sensitivity analysis indicates relatively small increases in ethanol price are needed to make production viable.
Tipo: Conference Paper or Presentation
Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2003
URL: http://purl.umn.edu/35181

FARM LEVEL IMPACTS OF REDUCED CHEMICAL USE ON SOUTHERN AGRICULTURE
Provedor de dados: 31
Autores: Richardson,   James W.; Smith,   Edward G.; Knutson,   Ronald D.; Outlaw,   Joe L.
Tipo: Journal Article
Palavras-chave: Farm Management.
Ano: 1991
URL: http://purl.umn.edu/30304

Implications of Budget Reconciliation for Commodity Programs
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.
Tipo: Journal Article
Palavras-chave: Agricultural and Food Policy.
Ano: 2004
URL: http://purl.umn.edu/93397

Economic Feasibility of Ethanol Production from Sweet Sorghum Juice in Texas
Provedor de dados: 31
Autores: Morris,   Brittany D.; Richardson,   James W.; Frosch,   Brian J.; Outlaw,   Joe L.; Rooney,   William L.
The economic feasibility of producing ethanol from sweet sorghum juice is projected using Monte Carlo simulation models to estimate the price ethanol plants will likely have to pay for sweet sorghum and the uncertain returns for ethanol plants. Ethanol plants in high yielding regions will likely generate returns on assets of 11%-12% and in low yield areas the returns on assets will be less than 10%.
Tipo: Conference Paper or Presentation
Palavras-chave: Sweet Sorghum; Ethanol; Monte Carlo Simulation; Agribusiness; Agricultural Finance; Crop Production/Industries; Farm Management; Risk and Uncertainty; D20  G10  D81  C15.
Ano: 2009
URL: http://purl.umn.edu/46852

Representative Farms Economic Outlook for the November 1998 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Anderson,   David P.; Smith,   Edward G.; Feldman,   Paul A.; Outlaw,   Joe L.; Klose,   Steven L.; Knutson,   Ronald D.; Schwart,   Robert B., Jr.
The farm level economic impacts of the Federal Agriculture Improvement and Reform Act of 1996 (FAIR) on representative crop and livestock operations are projected in this report. For this report the FAIR Act will be referred to as the 1996 Farm Bill. The analysis was conducted over the 1996-2002 planning horizon using AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe representative crop, livestock, and dairy farms.  - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) January 1998 Baseline. The primary objective of the...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 1998
URL: http://purl.umn.edu/42794

Representative Farms Economic Outlook for the January 2004 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Raulston,   J. Marc; Herbst,   Brian K.; Sartwelle,   James D., III; Schwart,   Robert B., Jr.; Schumann,   Keith D.; Feldman,   Paul A.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2001-2008 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms, and  - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) January 2004 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for prices...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2004
URL: http://purl.umn.edu/42694

Economic Outlook for Representative Cotton Farms Given the August 2004 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Raulston,   J. Marc; Sartwelle,   James D., III; Herbst,   Brian K.; Klose,   Steven L.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative cotton farms are projected in this report. The analysis was conducted over the 2001-2008 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate cotton operations in the nation’s major production regions came from two sources:  - Producer panel cooperation to develop economic information to describe and simulate representative cotton farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2004 Baseline. The primary objective of the analysis is to determine cotton farms’ economic viability by region through the life of the 2002 Farm Bill....
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2004
URL: http://purl.umn.edu/42676

Analysis of the Economic Viability for Representative Wheat Farms Given Alternative Farm Policies Proposed by the National Association of Wheat Growers
Provedor de dados: 31
Autores: Richardson,   James W.; Raulston,   J. Marc; Knapek,   George M.; Outlaw,   Joe L.
This report is a companion to FAPRI-UMC Report #09-06, which contains the sector level results of the wheat policy options requested by Senators Crapo and Baucus, and Representatives Musgrave and Pomeroy. The Agricultural and Food Policy Center (AFPC) has completed a farm level analysis of five alternative policy options on the economic viability of 13 representative wheat farms located across the United States. The results of the analysis are compared to a continuation of the current farm program over the 2006-2013 planning horizon, however, the policy alternatives are assumed to begin in 2008/09.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/42099

The Impact of Rising Energy Prices on Income for Representative Farms in the Western United States
Provedor de dados: 31
Autores: Raulston,   J. Marc; Knapek,   George M.; Outlaw,   Joe L.; Richardson,   James W.; Klose,   Steven L.; Anderson,   David P.
Tipo: Journal Article
Palavras-chave: Agricultural Finance; Resource /Energy Economics and Policy.
Ano: 2005
URL: http://purl.umn.edu/27962

The Economics Of Growing And Delivering Cellulosic Feedstocks In The Beaumont, Texas Area
Provedor de dados: 31
Autores: Fumasi,   Roland J.; Richardson,   James W.; Outlaw,   Joe L.
We estimate the contract prices that must be paid to grow cellulosic energy crops, and the costs of harvesting and transporting those crops in the Beaumont, TX area. Results indicate that the delivered price would range between $54 and $101 per ton of dry matter depending on the specific crop.
Tipo: Conference Paper or Presentation
Palavras-chave: Renewable fuels; Biofuels; Alternative fuels; Cellulosic; Biomass; Feedstock; Monte Carlo simulation; Resource /Energy Economics and Policy; Q12; Q42.
Ano: 2008
URL: http://purl.umn.edu/6788

Evaluation of Alternative Base Periods for a National Rice Counter Cyclical Payment Program Including Added AMTA
Provedor de dados: 31
Autores: Richardson,   James W.; Smith,   Edward G.; Womack,   Abner W.
The analysis was completed for one year, namely, 2001 using the FAPRI baseline rice price of $6.29/cwt. as the mean price for 2001. Risk for price and yields was incorporated into the analysis to appropriately replicate the historical variability for these variables. The counter cyclical payment (CCP) payments were calculated based on a national revenue. CCP payments were assumed to be triggered if total planted acre market receipts for rice (national planted acre yield times national season average price) was less than the average national planted acre receipts for a particular base period.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42775

Modelling Risks in the Salmon Industry and Markets
Provedor de dados: 31
Autores: Asheim,   Leif Jarle; Lien,   Gudbrand D.; Richardson,   James W.; Tveteras,   Ragnar; Veggeland,   Frode.
The paper proposes developing a trade model for salmon to assist in discussions and negotiations of current international salmon trade issues and major risk problems facing the salmon industry.  Two modeling approaches are discussed: 1) developing a traditional equilibrium trade programming model designed to maximize total welfare across all model regions by solving for a medium-term price that balances the amount of salmon supplied by the world region to the among processed and consumed by this region; and 2) developing an econometric stochastic simulation model based on linear or non-linear equations.  Some disadvantages and weaknesses of the programming model are discussed, whereas the econometric model needs further exploration and consideration.  The...
Tipo: Conference Paper or Presentation
Palavras-chave: Risks; Salmon; Programming model; Econometric model; International trade; Livestock Production/Industries; C60; C50.
Ano: 2005
URL: http://purl.umn.edu/56000

Risk programming and sparse data: how to get more reliable results
Provedor de dados: 31
Autores: Hardaker,   J. Brian; Lien,   Gudbrand D.; Van Asseldonk,   Marcel A.P.M.; Richardson,   James W.; Hegrenes,   Agnar.
Because relevant historical data for farms are inevitably sparse, most risk programming studies rely on few observations. We discuss how to use available information to derive an appropriate multivariate distribution function that can be sampled for a more complete representation of the possible risks in riskbased models. For the particular example of a Norwegian mixed livestock and crop farm, the solution is shown to be unstable with few states, although the cost of picking a sub-optimal plan declines with increases in number of states by Latin Hypercube sampling.
Tipo: Conference Paper or Presentation
Palavras-chave: Risk programming; States of nature; Sparse data; Risk and Uncertainty.
Ano: 2008
URL: http://purl.umn.edu/44051

PRODUCER'S PREFERENCE FOR A COTTON FARMER OWNED RESERVE:  AN APPLICATION OF SIMULATION AND STOCHASTIC DOMINANCE
Provedor de dados: 31
Autores: Richardson,   James W.; Nixon,   Clair J.
The benefits to a typical High Plains cotton farmer from a cotton farmer owned reserve were estimated using a firm-level, income tax and farm policy simulation model.  Eighteen farm programs were simulated including twelve variations of a farmer owned reserve using different entry prices and trigger prices.  The after-tax net present value distributions for the different farm programs were compared using stochastic dominance.  The results indicate that risk averse cotton producers should prefer the 1977 farm program to either a cotton farmer owned reserve or the farm program proposed by Secretary of Agriculture Block.
Tipo: Journal Article
Palavras-chave: Crop Production/Industries.
Ano: 1982
URL: http://purl.umn.edu/32421

Representative Farms Economic Outlook for the August 2005 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Sartwelle,   James D., III; Schwart,   Robert B., Jr.; Schumann,   Keith D.; Feldman,   Paul A.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2002-2009 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: • Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms, and • Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2005 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for prices...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/42109

Representative Farms Economic Outlook for the December 2005 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Sartwelle,   James D., III; Schwart,   Robert B., Jr.; Feldman,   Paul A.; Klose,   Steven L.
The Agricultural and Food Policy Center (AFPC) at Texas A&amp;M University develops and maintains data to simulate 102 representative crop and livestock operations in major production areas in 28 states. The chief purpose of this analysis is to project those  farms’ economic viability for 2005 through 2011. The data necessary to simulate the economic activity of these operations is developed through ongoing cooperation with panels of agricultural producers in each of these states. The Food and Agricultural Policy Research Institute (FAPRI) provided projected prices, policy variables, and input inflation rates in their December 2005 Baseline.  Under the December 2005 Baseline, 12 of the 66 crop farms are considered in good liquidity condition (less than a...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/42105

An Analysis of Cointegration:  Investigation of the Cost-Price Squeeze in Agriculture
Provedor de dados: 31
Autores: Campiche,   Jody L.; Bryant,   Henry L.; Richardson,   James W.; Outlaw,   Joe L.
The differences in prices paid and prices received by farmers are examined using cointegration analysis.  A Johansen cointegration test between prices paid and prices received revealed that the series were cointegrated.  After accounting for technological change, we do not reject a long-run one-for-one correspondence between prices paid and prices received.
Tipo: Conference Paper or Presentation
Palavras-chave: Demand and Price Analysis.
Ano: 2006
URL: http://purl.umn.edu/35357

Analysis of Representative Rice Farms Under H.R. 2646 and the Continuation of the FAIR Act
Provedor de dados: 31
Autores: Houston,   Christy M.; Richardson,   James W.; Outlaw,   Joe L.; Smith,   Edward G.; Womack,   Abner W.
In anticipation of the new farm bill, seventeen representative rice farms from six different rice-producing states have been analyzed to compare the continuation of the FAIR Act provisions with the House proposal, H.R. 2646. Each farm was simulated assuming each policy would be in place for the next five-year period, or 2002-2006. A full description of each of the farms can be found in the Appendix.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2001
URL: http://purl.umn.edu/42724

Review of the Economics Utilized in the Proposed EPA Regulations of CAFOs
Provedor de dados: 31
Autores: Anderson,   David P.; Smith,   Edward G.; Richardson,   James W.; Knutson,   Ronald D.; Womack,   Abner W.
EPA recently published, for comment, a proposed set of modifications for the regulation of confined animal feeding operations (CAFOs). These proposed regulations require considerably tighter controls over discharges of animal waste. Compliance will require substantial investments by those operations that had not previously been subject to regulation because they did not meet the minimum size requirements. This review of the proposed EPA CAFO regulations results from a request of the House Committee on Agriculture to FAPRI (MO) and AFPC (TX). While designed to evaluate the procedures utilized by EPA in its economic impact statement, it also discusses alternatives for improvements in the analytical impact statement approach in order that the statement may be...
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy; Environmental Economics and Policy.
Ano: 2001
URL: http://purl.umn.edu/42729

FARM COMMODITY PAYMENT LIMITS:  WHAT IMPACT WILL THEY HAVE ON THE ECONOMIC VIABILITY OF SOUTHEASTERN AGRICULTURE?
Provedor de dados: 31
Autores: Fletcher,   Stanley M.; Luke-Morgan,   Audrey S.; McCorvey,   Allen E.; Richardson,   James W.
Tipo: Conference Paper or Presentation
Palavras-chave: Agricultural and Food Policy.
Ano: 2003
URL: http://purl.umn.edu/35013

Equitability of Government Support Across Major Crop Commodities: A Method of Comparism
Provedor de dados: 31
Autores: Smith,   Edward G.; Richardson,   James W.; Knutson,   Ronald D.; Womack,   Abner W.; Anderson,   David P.; Outlaw,   Joe L.
Of the many issues associated with modifying the 1996 FAIR Act, equitability of government support across program commodities ranks high on the list of priorities. This concern is associated with both a limited amount of government support and the method that can be used to derive or ascertain some measure of equitability. Likewise, government support that is out of balance across commodities can likely become the supply inducing expected revenue -- which tends to erode market signals. This may be particularly true in times of very low (below loan rate) prices. A reference point commonly used to focus this debate is the variable cost of production per unit of commodity produced. The reason for selecting this measure is that it only reflects costs...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42768

Progress Report to the TNRC for Analysis of the Economics of Atrazine Remediation for Representative Grain Farms in the Aquilla Watershed, Hill County, Texas: Subtasks 4.0-4.4
Provedor de dados: 31
Autores: Sartwelle,   James D., III; Richardson,   James W.; Schumann,   Keith D.
Four alternative BMPs for atrazine remediation were reported by Harmon and Wang for the study area. The BMPs involved alternative incorporation practices, tillage operations, and sediment ponds. Harmon and Wang reported no statistical difference in corn yields under the alternative BMPs. An economic analysis of four alternative best management practices (BMPs) for atrazine remediation in Hill County, Texas, was performed by the Agricultural and Food Policy Center (AFPC) at Texas A&amp;M University. Using the farm-level economic simulation model FLIPSIM, AFPC scientists analyzed the financial effects of the alternative BMPs on the Texas Blackland Prairie representative farm. This farm consists of 2,000 dryland acres, divided among corn (600 acres), sorghum...
Tipo: Report
Palavras-chave: Agricultural and Food Policy; Resource /Energy Economics and Policy.
Ano: 2001
URL: http://purl.umn.edu/42727

Representative Farms Economic Outlook for the January 1999 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Anderson,   David P.; Richardson,   James W.; Smith,   Edward G.; Knutson,   Ronald D.; Feldman,   Paul A.; Outlaw,   Joe L.; Klose,   Steven L.; Schwart,   Robert B., Jr.; White,   Cody.
The farm level economic impacts of the Federal Agriculture Improvement and Reform Act of 1996 (FAIR) on representative crop and livestock operations are projected in this report. For this report the FAIR Act will be referred to as the 1996 Farm Bill. The analysis was conducted over the 1996-2002 planning horizon using AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) January 1999 Baseline. The primary objective...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 1999
URL: http://purl.umn.edu/42793

Lifting the Fruit and Vegetable Cropping Restriction:  Potential Impacts on Cropping Preference in the Lower Rio Grande Valley, Texas
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Fumasi,   Roland J.
We estimate the effect of lifting the fruit and vegetable cropping restriction on cropping preference in the Lower Rio Grande Valley, using a stochastic simulation model and Stochastic Efficiency analysis.  Results suggest that, based on risk-adjusted net returns, lifting the cropping restriction may likely have the most profound effect on watermelon and cabbage acreage.
Tipo: Conference Paper or Presentation
Palavras-chave: Agricultural and Food Policy; Crop Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/35373

An Interactive Illustration of Farm Program Provisions
Provedor de dados: 31
Autores: Klose,   Steven L.; Schumann,   Keith D.; Knapek,   George M.; Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.
Explaining the details and the impacts of government program provisions to agricultural producers can be a challenge for extension educators. This paper introduces a visual interactive tool that demonstrates the calculations of government payments established in the 2002 farm bill. Additionally, the paper explains how the tool is created in Microsoft Excel and may be used in other areas.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2003
URL: http://purl.umn.edu/42705

Bio-ethanol Production from Wheat in the Winter Rainfall Region of South Africa: A Quantitative Risk Analysis
Provedor de dados: 31
Autores: Richardson,   James W.; Lemmer,   Wessel J.; Outlaw,   Joe L.
Contrary to developments in other parts of the world, South Africa has not developed a bio-ethanol industry. The objective was to quantify the risks and economic viability of a wheat based bio-ethanol plant in the winter rainfall region of South Africa. Monte Carlo simulation of a bio-ethanol plant was used to quantify the risk that investors will likely face. Under the Base scenario a 103 million liter bio-ethanol plant would not offer a reasonable chance of being economically viable. Alternative price enhancing policies were analyzed to determine policy changes needed to make a bio-ethanol plant economically viable in the region.
Tipo: Journal Article
Palavras-chave: Biofuels; Ethanol; Risk analysis; Simulation; Economic viability; Simetar; SERF; Crop Production/Industries; Resource /Energy Economics and Policy.
Ano: 2007
URL: http://purl.umn.edu/8192

A SIMULATION ANALYSIS OF A RESERVE STOCK MANAGEMENT POLICY FOR FEED GRAINS AND WHEAT
Provedor de dados: 31
Autores: Ray,   Daryll E.; Richardson,   James W.; Collins,   Glenn S.
Tipo: Journal Article
Palavras-chave: Crop Production/Industries.
Ano: 1975
URL: http://purl.umn.edu/29665

Representative Farms Economic Outlook for the December 2003 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Sartwelle,   James D., III; Feldman,   Paul A.; Schumann,   Keith D.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Womack,   Abner W.
The farm level economic impacts of projected long term prices under the Federal Agriculture Improvement and Reform Act of 1996 (FAIR) on representative crop and livestock operations are projected in this report. For this report the FAIR Act will be referred to as the 1996 Farm Bill. The analysis was conducted over the 2000-2006 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI)...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2001
URL: http://purl.umn.edu/42720

Base and Yield Update Option Analyzer with CCP Risk
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Klose,   Steven L.
The Base and Yield Update Option Analyzer (BYA) is a decision support tool for analyzing the economic consequences of the Base Acre and Payment Yield update options in the 2002 farm bill. The BYA is provided by Texas A&amp;M University for educational purposes and is not intended to replace or duplicate the final FSA calculations done for individual farm units. The 2002 farm bill offers farmers a one time opportunity to update base and payment yields. The BYA provides a comprehensive system for evaluating the economic consequences of selecting different update alternatives for each farm unit before going to the FSA office.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/42711

Representative Farms Economic Outlook for the January 2006 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Herbst,   Brian K.; Knapek,   George M.; Anderson,   David P.; Sartwelle,   James D., III; Raulston,   J. Marc; Klose,   Steven L.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 (2002 Farm Bill) on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2006-2010 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming and ranching operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) January 2006 Baseline. The primary objective of the analysis is to determine the farms’...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/42102

Can We Save the Traditional Family Farm?
Provedor de dados: 31
Autores: Richardson,   James W.; Anderson,   David P.; Smith,   Edward G.
What is a traditional family farm? Is it a family of four living on a farm and supplying all of the labor, capital and management or is it a family corporation with four families supplying all of the capital and management? These types of questions continue to arise in policy debates, as they have for many years. While subject to heated debate and the core of many people’s positions on farm programs the answer is more sociological as it is becoming less and less economically relevant. Whether these types of farms or any other farm sizes should survive is not a question that can be answered by a policy analyst. The job of an analyst is to determine if and under what conditions family farms can survive. To this end, this paper reviews the various definitions...
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42778

Estimating the Fair Insurance Premium for Dungeness Crab Yields in the Western U.S. Coast
Provedor de dados: 31
Autores: Liu,   Chia-Lan; Richardson,   James W.; Leatham,   David J.
The Dungeness is a popular food and the most commercially important crab in the western states in the U.S. Like all agricultural production, the crab fisherman face yield risks and must manage these risks. In addition to weather risk, crab fisherman may experience low yields if the crabs are over fished in previous years. Farmers for many traditional agricultural crops can purchase crop insurance to insure against low yields. However, crab fishermen at this time do not have this option. The purpose of this paper is to estimate a fair insurance premium based on the historical yields of the Dungeness crab. This information can then be used in risk/return models for crab fishing to determine if it would be optimal for fisherman to purchase crop insurance. An...
Tipo: Conference Paper or Presentation
Palavras-chave: Dungeness Crab; Fair Insurance Premium; Simulation; Agricultural and Food Policy; Agricultural Finance; Risk and Uncertainty.
Ano: 2011
URL: http://purl.umn.edu/103424

SOUTHERN FARMERS' EXPOSURE TO INCOME RISK UNDER THE 1996 FARM BILL
Provedor de dados: 31
Autores: Knutson,   Ronald D.; Smith,   Edward G.; Anderson,   David P.; Richardson,   James W.
This paper investigates the farm-level impacts of the 1996 farm bill on the South. Focus group perceptions of risk sources, observed acreage changes, and the farm-level impact of increased price risk are evaluated. Focus group respondents ranked price and yield as the two most important sources of risk, and diversification was ranked highly as a risk-management tool. Limited data suggest that acreage shifts among crops are occurring in the South, presumably aided by the 1996 farm bill. Higher probabilities of cash flow deficits are estimated for cotton and rice relative to feedgrain, wheat, and oilseed operations.
Tipo: Journal Article
Palavras-chave: Acreage shifts; Income risk; Policy risk; Risk perception; Agricultural and Food Policy.
Ano: 1998
URL: http://purl.umn.edu/15101

Alternative AMTA and Loan Rate Options for Program Crops With Counter Cyclical Payments Triggered at the National and State Level
Provedor de dados: 31
Autores: Richardson,   James W.; Smith,   Edward G.; Womack,   Abner W.; Houston,   Christy M.
This analysis focuses on four policy options, based on national formulas where implications are examined for varying levels of loan rates and base AMTA payment rates.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42773

FEDERAL CROP INSURANCE VS. ASCS DISASTER ASSISTANCE FOR TEXAS HIGH PLAINS COTTON PRODUCERS:  AN APPLICATION OF WHOLE-FARM SIMULATION
Provedor de dados: 31
Autores: Lemieux,   Catharine M.; Richardson,   James W.; Nixon,   Clair J.
A typical Texas High Plains cotton farm was simulated over a 10-year planning horizon using the FLIPSIM IV model to compare the effects of (a) participation in the Federal Crop Insurance (FCI) program, (b) participation in the ASCS low yield disaster program with either high or low target prices, or (c) nonparticipation.  It was found that the highest level of crop insurance provided similar benefits as the disaster program.
Tipo: Journal Article
Palavras-chave: Crop Production/Industries; Risk and Uncertainty.
Ano: 1982
URL: http://purl.umn.edu/32264

Farm Level Evaluation of the U.S. Doha Round Proposal on U.S. Representative Crop and Livestock Farms
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Knapek,   George M.; Raulston,   J. Marc; Anderson,   David P.; Herbst,   Brian K.; Sartwelle,   James D., III; Feldman,   Paul A.; Klose,   Steven L.
This briefing paper provides a farm level evaluation of the November 2005 USTR Doha Round proposal on 102 U.S. representative crop and livestock farms. This report is a companion to FAPRI-UMC Report #17-05.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2005
URL: http://purl.umn.edu/42104

Representative Farms Economic Outlook for the December 2003 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Raulston,   J. Marc; Herbst,   Brian K.; Sartwelle,   James D., III; Schwart,   Robert B., Jr.; Schumann,   Keith D.; Feldman,   Paul A.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2001-2008 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms, and  - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) December 2003 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2003
URL: http://purl.umn.edu/42695

Mitigating Cotton Revenue Risk Through Irrigation, Insurance, and Hedging
Provedor de dados: 31
Autores: Barham,   E. Hart Bise; Robinson,   John R.C.; Richardson,   James W.; Rister,   M. Edward.
This study focuses on managing cotton production and marketing risks using combinations of irrigation levels, put options (as price insurance), and crop insurance. Stochastic cotton yields and prices are used to simulate a whole-farm financial statement for a 1,000 acre furrow irrigated cotton farm in the Texas Lower Rio Grande Valley under 16 combinations of risk management strategies. Analyses for risk-averse decision makers indicate that multiple irrigations are preferred. The benefits to purchasing put options increase with yields, as they are more beneficial when higher yields are expected from applying more irrigation applications. Crop insurance is strongly preferred at lower irrigation levels.
Tipo: Journal Article
Palavras-chave: Cotton; Crop insurance; Irrigation; Options; Puts; Risk; Simulation; Stochastic efficiency with respect to a function; Farm Management; Risk and Uncertainty; D81; Q12; Q15.
Ano: 2011
URL: http://purl.umn.edu/117946

DEMAND FOR FEED GRAINS AND CONCENTRATES BY LIVESTOCK CATEGORY
Provedor de dados: 31
Autores: Richardson,   James W.; Ray,   Daryll E.
Livestock feed demand is a collection of derived feed demands by various livestock categories. A structural understanding of demand for feed grains and total concentrates requires knowledge of separate feed demand relationships for each major livestock category. While a number of aggregate livestock feed demand relationships have been estimated, little is known about the structure of feed demand by livestock type. In this study unique livestock feed demand relationships for feed grains and total concentrates are estimated for each of seven major livestock categories. The estimated relationships show substantial differences in elasticities of concentrate and feed grain feed demand with respect to livestock price across livestock groups. Using feed demand...
Tipo: Journal Article
Palavras-chave: Livestock Production/Industries.
Ano: 1978
URL: http://purl.umn.edu/32407

Representative Farms Economic Outlook for the January 2003 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Sartwelle,   James D., III; Feldman,   Paul A.; Schumann,   Keith D.; Raulston,   J. Marc; Klose,   Steven L.; Schwart,   Robert B., Jr.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2001-2007 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) January 2003 Baseline. The primary objective of the analysis is to determine the farms’ economic viability by region and...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2003
URL: http://purl.umn.edu/42706

What a Difference a Year Makes in the Dairy Industry
Provedor de dados: 31
Autores: Herbst,   Brian K.; Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.
The projections for feed and milk prices have changed over the last year. This study looks at how the changes affect the dairy industry. The high feed prices have been trumped by higher milk prices and the economic viability of the dairy industry has improved across the board.
Tipo: Conference Paper or Presentation
Palavras-chave: Demand and Price Analysis; Industrial Organization.
Ano: 2008
URL: http://purl.umn.edu/6803

INCORPORATING GOVERNMENT PROGRAM PROVISIONS INTO A MEAN-VARIANCE FRAMEWORK
Provedor de dados: 31
Autores: Perry,   Gregory M.; Rister,   M. Edward; Richardson,   James W.; Bessler,   David A.
E-V studies traditionally have relied on historical data to calculate returns and variance. Historical data may not fully reflect current conditions, particularly when decisions involve government-supported crops. This paper presents a method for calculating mean and variance using subjectively-estimated data. The method is developed for both government-supported and non-program crops. Comparisons to alternative methods suggest the approach provides reasonable accuracy.
Tipo: Journal Article
Palavras-chave: Agricultural and Food Policy.
Ano: 1989
URL: http://purl.umn.edu/30093

Representative Farms Economic Outlook for the December 2004 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Raulston,   J. Marc; Herbst,   Brian K.; Sartwelle,   James D., III; Schwart,   Robert B., Jr.; Schumann,   Keith D.; Feldman,   Paul A.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2002-2009 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: • Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms, and  • Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) December 2004 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2004
URL: http://purl.umn.edu/42668

Economic Feasibility of Commercial Algae Oil Production in the United States
Provedor de dados: 31
Autores: Fischer,   Bart L.; Richardson,   James W.; Outlaw,   Joe L.; Allison,   Marc S.
A Monte Carlo simulation model was constructed to analyze the economic feasibility of growing algae as a renewable fuel source.   Increasing growth rates, pond water depth, oil content, and facility size are important for ensuring the economic viability of a commercial algae facility.
Tipo: Conference Paper or Presentation
Palavras-chave: Algae; Renewable; Fuel; Feedstock; Microalgae; Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Production Economics; Resource /Energy Economics and Policy; Risk and Uncertainty.
Ano: 2011
URL: http://purl.umn.edu/98834

Method for Calculation of Counter Cyclical Payments Using State and National Trigger Levels (Major Crops)
Provedor de dados: 31
Autores: Richardson,   James W.; Smith,   Edward G.; Womack,   Abner W.; Houston,   Christy M.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42772

Preliminary - Representative Farm Analysis of House of Representatives Draft Concept Paper for 2002 Farm Bill
Provedor de dados: 31
Autores: Richardson,   James W.; Smith,   Edward G.; Womack,   Abner W.; Anderson,   David P.; Outlaw,   Joe L.; Klose,   Steven L.; Schumann,   Keith D.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42770

Exploring Options for a New Farm Bill
Provedor de dados: 31
Autores: Adams,   Gary M.; Richardson,   James W.
Members of the House Agriculture Committee have indicated an interest in rewriting the farm bill in 2001 (The Food and Fiber Letter). Pressure to rewrite the farm bill a year before it expires comes in part from the perception that the current farm bill does not provide adequate downside protection for farm income. A symptom of this problem is the fact that Congress has passed substantial assistance packages to supplement farmers’ incomes in each of the past three years.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42782

Including Risk in Economic Feasibility Analyses: The Case of Ethanol Production in Texas
Provedor de dados: 31
Autores: Richardson,   James W.; Herbst,   Brian K.; Outlaw,   Joe L.; Gill,   Robert Chope, II.
The widespread use of personal computers and spreadsheet models for feasibility studies makes risk-based Monte Carlo simulation analysis of proposed investments a relatively simple task. Add-in simulation packages for Microsoft® Excel can be used to make spreadsheet models stochastic. Rather than basing investment decisions on point estimates, investors can easily estimate the implied distributions of returns for uncertain investments and calculate the risk of an investment as well as the probability of success. The benefits of using Monte Carlo simulation to analyze a risky investment are demonstrated using an ethanol plant as an example.
Tipo: Journal Article
Palavras-chave: Economic feasibility analysis; Ethanol feasibility; Risk management; Stochastic simulation; Agribusiness; Research and Development/Tech Change/Emerging Technologies.
Ano: 2007
URL: http://purl.umn.edu/62291

Counter-Cyclical Farm Safety Nets
Provedor de dados: 31
Autores: Richardson,   James W.; Klose,   Steven L.; Smith,   Edward G.
Since the 1920's, the federal government has used an array of farm programs to provide a “safety net” for American agriculture. Farm programs have used price supports, disaster payments, income supports, direct payments, and supply management to provide a safety net for particular markets and producers. This array of farm programs has rarely been organized or managed with the sole purpose of providing a minimum income level to farmers. With the exception of set aside programs, the programs have provided incentives for production and the diversification of production through out the continental United States. While the FAIR Act of 1996 has been generously applauded for allowing producers planting flexibility, maintaining export competitiveness through...
Tipo: Report
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42779

Financial Impacts of Regional Differences in Beef Cattle Operations
Provedor de dados: 31
Autores: Sartwelle,   James D., III; Outlaw,   Joe L.; Richardson,   James W.
The sensitivity of net cash farm income to changes in selected production variables, output prices, and input costs varies significantly across representative U.S. beef cattle operations.  Larger changes in profitability result from changes in productivity and output prices than from changes in input costs.
Tipo: Conference Paper or Presentation
Palavras-chave: Livestock Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/35427

Impact of Fuel Price Increases on Texas Crops
Provedor de dados: 31
Autores: Eggerman,   Chris R.; McMahon,   Sarah A.; Richardson,   James W.; Outlaw,   Joe L.
Replaced with revised version of paper 02/02/06.
Tipo: Conference Paper or Presentation
Palavras-chave: Crop model; Simulation; Input-output model; Resource /Energy Economics and Policy; C53; Q10.
Ano: 2006
URL: http://purl.umn.edu/35303

Stochastic Optimization: An Application to Sub-Arctic Dairy Farming
Provedor de dados: 31
Autores: Asheim,   Leif Jarle; Richardson,   James W.; Schumann,   Keith D.; Feldman,   Paul A.
The paper demonstrates how a deterministic farm linear programming (LP) model can be made stochastic and simulated using Solver and Simetar© in Excel©. The demonstration is conducted with an LP-model for a dairy farm for a sub arctic region of Norway. The income risks arising from variation in milk and crop yields due to winter damage in leys and pastures have been quantified for farms demonstrating low, medium and high forage yield risk. The estimated distribution of farm profit will be skewed to the left, indicating a downside risk. In the presence of risks, farmers maximize income by producing the milk quota with using surplus forage for meat production. The analysis demonstrated here may assist farmers and farm managers in improving sensitivity...
Tipo: Conference Paper or Presentation
Palavras-chave: Dairy production; Northern Norway; Stochastic optimization; Stochastic simulation; Yield risks; Livestock Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/24253

The Farm Level Impacts of Operating the Current Farm Bill at Reduced Federal Budget Spending Levels
Provedor de dados: 31
Autores: Raulston,   J. Marc; Richardson,   James W.; Klose,   Steven L.; Outlaw,   Joe L.
Tipo: Journal Article
Palavras-chave: Agricultural and Food Policy.
Ano: 2007
URL: http://purl.umn.edu/92870

EFFECTS OF ALTERNATIVE FARM PROGRAMS AND LEVELS OF PRICE VARIABILITY ON TEXAS COTTON FARMS
Provedor de dados: 31
Autores: Duffy,   Patricia A.; Richardson,   James W.; Smith,   Edward G.
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.
Tipo: Journal Article
Palavras-chave: Public Economics.
Ano: 1986
URL: http://purl.umn.edu/29776

Representative Farms Economic Outlook for the November 2000 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Anderson,   David P.; Smith,   Edward G.; Womack,   Abner W.; Feldman,   Paul A.; Schumann,   Keith D.; Outlaw,   Joe L.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Ochoa,   Rene F.; Kristinek,   Jennifer.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2000
URL: http://purl.umn.edu/42784

The Economics of Ethanol from Sweet Sorghum Using the MixAlco Process
Provedor de dados: 31
Autores: Lau,   Michael H.; Richardson,   James W.; Outlaw,   Joe L.; Holtzapple,   Mark T.; Ochoa,   Rene F.
The United States is becoming more dependent on ethanol production as a renewable fuel source to decrease dependency on foreign oil. The increase in demand for renewable fuels, due in part to the Energy Policy Act of 2005, has led to increased research on alternative renewable fuels from biomass. One such avenue of research has been the conversion of biomass to renewable fuels, and specifically sweet sorghum, as an ethanol fuel stock.
Tipo: Report
Palavras-chave: Production Economics.
Ano: 2006
URL: http://purl.umn.edu/42096

Simulating Multivariate Distributions with Sparse Data: A Kernal Density Smoothing Procedure
Provedor de dados: 31
Autores: Lien,   Gudbrand D.; Hardaker,   J. Brian; Richardson,   James W.
Often analysts must conduct risk analysis based on a small number of observations. This paper describes and illustrates the use of a kernel density estimation procedure to smooth out irregularities in such a sparse data set for simulating univariate and multivariate probability distributions.
Tipo: Conference Paper or Presentation
Palavras-chave: Stochastic simulation; Smoothing; Multivariate kernel estimator; Parzen; Research Methods/ Statistical Methods; Q12; C8.
Ano: 2006
URL: http://purl.umn.edu/25449

SOUTHERN AGRICULTURE UNDER THE 2002 FARM BILL: A REPRESENTATIVE FARMS APPROACH
Provedor de dados: 31
Autores: Sartwelle,   James D., III; Tiller,   Kelly; Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.
The 2002 Farm Bill affects economic activity of farms and ranches in the southern United States.  Using stochastic simulation techniques, key financial variables were projected for 39 representative farms and ranches in ten southern states.  Results indicate 24 of 39 farms studied have more than a 40 percent likelihood of having annual cash flow deficits during the period 2002 through 2007.  Results are largely consistent across commodities and between moderate and large size farms in the same geographic area.
Tipo: Conference Paper or Presentation
Palavras-chave: Agricultural and Food Policy.
Ano: 2003
URL: http://purl.umn.edu/35037

Estimating and comparing alternative ethanol processes and feedstock choices
Provedor de dados: 31
Autores: Frosch,   Brian J.; Fumasi,   Roland J.; Richardson,   James W.; Outlaw,   Joe L.; Herbst,   Brian K.
Tipo: Journal Article
Palavras-chave: Crop Production/Industries; Resource /Energy Economics and Policy.
Ano: 2008
URL: http://purl.umn.edu/48709

MAXIMIZING EFFICIENCY IN AGRICULTURE
Provedor de dados: 31
Autores: Knutson,   Ronald D.; Smith,   Edward G.; Richardson,   James W.; Shirley,   Christina.
Tipo: Conference Paper or Presentation
Palavras-chave: Productivity Analysis.
Ano: 1980
URL: http://purl.umn.edu/17243

ECONOMIC IMPACTS OF THE 1981 AGRICULTURAL ACT AND THE 1981 TAX ACT ON TEXAS HIGH PLAINS FARMERS
Provedor de dados: 31
Autores: Richardson,   James W.; Nixon,   Clair J.; Smith,   Edward G.
Tipo: Journal Article
Palavras-chave: Political Economy.
Ano: 1982
URL: http://purl.umn.edu/30441

Economic Comparison of the Farm, Nutrition, and Bioenergy Act (H.R. 2419) to Fairness in Farm and Food Policy Amendment to H.R. 2419
Provedor de dados: 31
Autores: Richardson,   James W.; Herbst,   Brian K.
The House Agriculture Committee unanimously passed their farm bill, “Farm, Nutrition and Bioenergy Act of 2007” (H.R. 2419). An amendment, “Fairness in Farm and Food Policy,” H.R. 2419 was announced by Ron Kind (D-WI). The purpose of this Briefing Report is to compare the likely economic impacts of H.R. 2419 and the FFFP Amendment on representative crop, dairy, and cattle farms.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2007
URL: http://purl.umn.edu/37986

THE 2002 FARM BILL: WHAT DOES IT MEAN FOR WESTERN AGRICULTURE?
Provedor de dados: 31
Autores: Richardson,   James W.
Tipo: Journal Article
Palavras-chave: Agricultural and Food Policy.
Ano: 2002
URL: http://purl.umn.edu/27985

Representative Farms Economic Outlook for the January 2005 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Sartwelle,   James D., III; Schwart,   Robert B., Jr.; Schumann,   Keith D.; Feldman,   Paul A.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2002-2009 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources:•Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms, and•Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) January 2005 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for prices and...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/42136

AAEA Post Conference Workshop on Simulation for Risk Analysis
Provedor de dados: 31
Autores: Richardson,   James W.; Gray,   Allan W.
The attached file contains the original proposal for the post conference workshop, the agenda used at the conference, the overheads used to present the topic, and a summary of the evaluations.  The workshop introduced participants to risk analysis using Excel and Simetar a simulation/econometrics package for developing and applying simulation models for risk analysis.  Simetar was developed at Texas A&amp;M and is used to teach two simulation courses at the graduate level.
Tipo: Conference Paper or Presentation
Palavras-chave: Risk and Uncertainty.
Ano: 2002
URL: http://purl.umn.edu/19737

Economics of Sugar-Based Ethanol Production and Related Policy Issues
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Ribera,   Luis A.; Richardson,   James W.; da Silva,   Jorge; Bryant,   Henry L.; Klose,   Steven L.
The feasibility of integrating ethanol production into an existing sugar mill was analyzed by a stochastic spreadsheet model. As the price of corn continues to rise, ethanol producers will eventually need to look at other feedstock alternatives. Sugarcane has been proven to work well in the production of ethanol in Brazil. The results indicated existing U.S. sugar mills could economically switch to ethanol production. As imports into the United States threaten to undermine the U.S. sugar program, sugarcane producers have a viable alternative. At the very least, the alternative exists to diversify their income streams with ethanol production.
Tipo: Journal Article
Palavras-chave: Ethanol; Feasibility analysis; Simulation analysis; Sugarcane; Resource /Energy Economics and Policy; R51; R58; O22.
Ano: 2007
URL: http://purl.umn.edu/6515

Representative Farms Economic Outlook for the December 2005 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Herbst,   Brian K.; Knapek,   George M.; Anderson,   David P.; Sartwelle,   James D., III; Raulston,   J. Marc; Feldman,   Paul A.; Schumann,   Keith D.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 (2002 Farm Bill) on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2004-2011 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming and ranching operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) December 2005 Baseline. The primary objective of the analysis is to determine the farms’...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2005
URL: http://purl.umn.edu/42103

Probabilities of Success for Netherlands Dairy Farmers Moving Operations to the U.S.
Provedor de dados: 31
Autores: Duncan,   Anthony; Richardson,   James W.; Schwart,   Robert B., Jr.
The probability of success for an immigrating Dutch dairy farmer was analyzed using a whole farm simulation model.  Data used to simulate the U.S. farms came from the AFPC’'s database of representative U.S. dairies and projected mean annual prices from FAPRI.  Data on the Dutch dairy used for analysis came from Department of Agriculture, Nature, and Food Safety, the Agricultural Economics Institute, and research from Wageningen University in the Netherlands.  Results indicate that Dutch dairy farmers with adequate equity are better off financially immigrating to the U.S., rather than staying in the Netherlands.
Tipo: Conference Paper or Presentation
Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2004
URL: http://purl.umn.edu/20302

AN APPLIED PROCEDURE FOR ESTIMATING AND SIMULATING MULTIVARIATE EMPIRICAL (MVE) PROBABILITY DISTRIBUTIONS IN FARM-LEVEL RISK ASSESSMENT AND POLICY ANALYSIS
Provedor de dados: 31
Autores: Richardson,   James W.; Klose,   Steven L.; Gray,   Allan W.
Tipo: Journal Article
Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2000
URL: http://purl.umn.edu/15490

Comparison of Alternative Safety Net Programs for the 2000 Farm Bill
Provedor de dados: 31
Autores: Schumann,   Keith D.; Feldman,   Paul A.; Richardson,   James W.; Smith,   Edward G.
As Congress begins its debate for the 2002 farm bill, there have been calls for a counter cyclical safety net that will provide a better basis for targeting longer term planning than exists with ad hoc emergency assistance. Further subsidization of the multi-peril crop insurance (MPCI) program has been proposed, as well as reliance on a farm and ranch risk management (FARRM) account to help farmers. A whole farm revenue income support program and several variations of national income supplement programs have been put forward. A comprehensive analysis of different safety net alternatives using a common methodology is needed so farmers and policy makers can make objective comparisons. The objective of this paper is to quantitatively analyze the economic...
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42781

Ethanol Pricing: Explanations and Interrelationships
Provedor de dados: 31
Autores: Higgins,   Lindsey M.; Bryant,   Henry L.; Outlaw,   Joe L.; Richardson,   James W.
With the 2005 Energy Bill’s passage, the production and use of ethanol is set to become an integral component of the transportation fuel market.  Undoubtedly, this will affect the transportation fuel and agricultural industries.  This paper uses an econometric time series approach to reveal historical ethanol price behavior and relationships.
Tipo: Conference Paper or Presentation
Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2006
URL: http://purl.umn.edu/35425

EXPLORING OPTIONS FOR A NEW FARM BILL
Provedor de dados: 31
Autores: Adams,   Gary M.; Richardson,   James W.
Three farm programs to increase support by $6 billion per year are analyzed.  Higher marketing loan (ML), higher AMTA payments, and Modified Supplemental Income (SIP) program are evaluated at the sector and farm levels.  At the sector level impacts on supply, demand, and price are modest with acreage shifts of less than two million acres.  At the farm level SIP was preferred by cotton farms and higher ML was preferred by farms producing soybeans.  Higher AMTA payments were preferred by 3 of 11 farms.  Overall, SIP was ranked first or second by 10 of 11 representative farms.
Tipo: Journal Article
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/15027

AN ANALYSIS OF ETHANOL PRODUCTION IN TEXAS USING THREE ETHANOL FACILITY SIZES AND THEIR RELATIVE OPTIMAL SUBSIDY LEVELS
Provedor de dados: 31
Autores: Gill,   Robert Chope, II; Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.
Ethanol production in 15, 30, and 80 million gallon per year production plants are analyzed at various subsidy levels.  The results indicate that removing per plant subsidy limits allows reduced total state subsidy expenditures.  This action takes advantage of the economies of scale inherent in larger ethanol plants.
Tipo: Conference Paper or Presentation
Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2003
URL: http://purl.umn.edu/35003

Representative Farms Economic Outlook for the July 2002 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Sartwelle,   James D., III; Feldman,   Paul A.; Schumann,   Keith D.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Zimmel,   Peter; Womack,   Abner W.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2001-2007 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) July 2002 Baseline. The primary objective of the analysis is to determine the farms’ economic viability by region and...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/42713

Effect of IRC Code 1031 on Texas Agricultural Land Price
Provedor de dados: 31
Autores: Park,   Beam Su; Richardson,   James W.; Gilliland,   Charles J.
In this paper, we examine the effect of Section 1031 tax deferred payment on Texas agricultural land price. To analyze the effects, we estimate the market equilibrium price function using the dynamic panel model and Texas agricultural land sales for 1965-2007. We argue that Section 1031 increases both demand and supply of agricultural land by its tax reducing effect. Our empirical estimation shows that Section 1031 decreases the market price which means the supply curve shifted to the right more than the demand curve.
Tipo: Journal Article
Palavras-chave: Land Economics/Use.
Ano: 2010
URL: http://purl.umn.edu/96376

Base and Yield Update Option Analyzer
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Klose,   Steven L.
The Base and Yield Update Option Analyzer (BYA) is a decision support tool for analyzing the economic consequences of the Base Acre and Payment Yield update options in the 2002 farm bill. The BYA is provided by Texas A&amp;M University for educational purposes and is not intended to replace or duplicate the final FSA calculations done for individual farm numbers. The 2002 farm bill offers farmers a one time opportunity to update base and payment yields. The BYA provides a comprehensive system for evaluating the economic consequences of selecting different update alternatives for each farm number before going to the FSA office.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2002
URL: http://purl.umn.edu/42710

Financial Conditions on U.S. Cotton Farms
Provedor de dados: 31
Autores: Smith,   Edward G.; Richardson,   James W.
For the last three years, U.S. cotton producers have been heavily dependent on ad hoc emergency disaster and market loss assistance to cash flow their operations. They have not been alone. Wheat, feed grains, oilseeds and rice producers have also been faced with low commodity prices, adverse weather and the need for substantial government assistance. Price support and direct payments by CCC for fiscal years 1998-2000 averaged $17.5 billion per year (USDA Ag Outlook). Has U.S. program crop agriculture turned the corner or will additional government payments likely be needed to sustain a vulnerable sector? This paper will focus on the outlook for the Agricultural and Food Policy Center’s (AFPC’s) representative cotton farms over the period 2001-2005. The...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2001
URL: http://purl.umn.edu/42780

Farm Level Impacts of a Revenue Based Policy in the 2007 Farm Bill
Provedor de dados: 31
Autores: Higgins,   Lindsey M.; Richardson,   James W.; Outlaw,   Joe L.; Raulston,   J. Marc.
Revenue-based policy alternatives are thought to be a potential component of the 2007 Farm Bill. This research provides an economic analysis of switching to a revenue assurance farm program for representative farms. Specifically, this research provides a monte-carlo stochastic simulation model that compares the effect of a revenue based safety net policy relative to continuing the 2002 Farm Bill policies for different types of U.S. crop farmers.  The results show that both revenue assurance proposals by the National Corn Growers Association leave the majority of farmers, especially feed grain producers, with higher total receipts and higher government payments.
Tipo: Conference Paper or Presentation
Palavras-chave: Agricultural and Food Policy.
Ano: 2007
URL: http://purl.umn.edu/9957

Representative Farms Economic Outlook for the August 2004 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Outlaw,   Joe L.; Richardson,   James W.; Herbst,   Brian K.; Anderson,   David P.; Sartwelle,   James D., III; Raulston,   J. Marc; Feldman,   Paul A.; Schumann,   Keith D.; Klose,   Steven L.; Schwart,   Robert B., Jr.; Zimmel,   Peter.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2001-2008 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming and ranching operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2004 Baseline. The primary objective of the analysis is to determine the farms’ economic viability by...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2004
URL: http://purl.umn.edu/42679

Comparison of the Counter Cyclical Program to a Proposed Counter Cyclical Revenue Program
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.
The Secretary of Agriculture recently provided Congress with a report entitled “2007 Farm Bill Proposals” prepared by USDA. The report contains a large number of proposed changes to the 2002 Farm Bill, which could directly impact the incomes of crop producers. One such proposal calls for replacing the counter cyclical payment (CCP) program with a counter cyclical revenue (CCR) program.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2007
URL: http://purl.umn.edu/42085

A Brief Summary of U.S. Farm Program Provisions
Provedor de dados: 31
Autores: Richardson,   James W.; Anderson,   David P.; Outlaw,   Joe L.; Campiche,   Jody L.
This publication began as a need for a short summary of farm programs and farm bills for two agricultural economics courses focusing on agricultural policy -- ag. economics 429, and ag. economics 614. Over time, it became clear that many students taking these courses had less and less background in agriculture and less (even cursory) knowledge of policies than those of the recent past. After this list was developed, a number of other professional agricultural economists found copies and began to use it, hence its publication in a more structured form. The list of Farm Program Provisions is not all-inclusive. It certainly does not contain all the laws and provisions that have affected agriculture over the years. However, it is an easy reference to farm...
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2005
URL: http://purl.umn.edu/42134

The Economic Impact of Land Purchases to Meet Buffer Zone Requirements on Representative Texas Dairies
Provedor de dados: 31
Autores: Anderson,   David P.; Smith,   Edward G.; Richardson,   James W.; Knutson,   Ronald D.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Livestock Production/Industries.
Ano: 1998
URL: http://purl.umn.edu/42797

Long-term Effects of the U.S. Renewable Fuel Standard on World Hunger
Provedor de dados: 31
Autores: Bryant,   Henry L.; Lu,   Jiamin; Richardson,   James W.; Outlaw,   Joe L.
We employ a multi-region computable general equilibrium model of the world economy to estimate changes in worldwide food insecurity that result from the imposition of the U.S. Renewable Fuels Standard.
Tipo: Conference Paper or Presentation
Palavras-chave: Biofuels; Ethanol; CGE; Renewable Fuel Standard; Hunger; Agricultural and Food Policy; Food Security and Poverty; Resource /Energy Economics and Policy; Q180; Q420.
Ano: 2010
URL: http://purl.umn.edu/61262

Economic Outlook for Representative Cotton Farms Given the August 2003 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Raulston,   J. Marc; Richardson,   James W.; Outlaw,   Joe L.; Anderson,   David P.; Herbst,   Brian K.; Feldman,   Paul A.; Schumann,   Keith D.; Klose,   Steven L.; Sartwelle,   James D., III.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative cotton farms are projected in this report. The analysis was conducted over the 2001-2007 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major cotton production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative cotton farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2003 Baseline. The primary objective of the analysis is to determine the farms’ economic viability by region through the life of the 2002 Farm...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 2003
URL: http://purl.umn.edu/42693

IMPLICATIONS OF CROP INSURANCE FOR FARMERS AND LENDERS
Provedor de dados: 31
Autores: Leatham,   David J.; McCarl,   Bruce A.; Richardson,   James W.
The effect of the farmer's choice of crop insurance was evaluated on both the farmer's and lender's performance.  This was done using whole-farm, Monte Carlo simulation for Texas wheat/sorghum operations.  Results indicate crop insurance would be preferred by moderately risk-averse farmers when farm firm failure became an issue or the insurance loss ration approached one.  A lender always preferred the use of crop insurance, especially when the probability of firm bankruptcy was an issue.
Tipo: Journal Article
Palavras-chave: Risk and Uncertainty.
Ano: 1987
URL: http://purl.umn.edu/30193

The Effectiveness of Dairy Risk Management at Managing Income, Revenue, and Margin Risk
Provedor de dados: 31
Autores: Herbst,   Brian K.; Anderson,   David P.; Outlaw,   Joe L.; Richardson,   James W.
With the 2009 milk prices still fresh on everyone’s mind, there has been increased interest in ways to limit milk price volatility.  Using SERF, this paper determined some dairies are willing to pay for limited milk price volatility and found a value they are willing to pay using risk premiums.
Tipo: Conference Paper or Presentation
Palavras-chave: Dairy; Stochastic Simulation; Price volatility; Agricultural and Food Policy; Farm Management.
Ano: 2011
URL: http://purl.umn.edu/98833

Representative Farms Economic Outlook for the August 2006 FAPRI/AFPC Baseline
Provedor de dados: 31
Autores: Richardson,   James W.; Outlaw,   Joe L.; Knapek,   George M.; Raulston,   J. Marc; Herbst,   Brian K.; Sartwelle,   James D., III; Anderson,   David P.; Klose,   Steven L.
The farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2004-2011 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: • Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms, and • Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2006 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for prices...
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries.
Ano: 2006
URL: http://purl.umn.edu/42098

INVESTIGATION OF PRICE DISCOVERY AND EFFICIENCY FOR CASH AND FUTURES COTTON PRICES
Provedor de dados: 31
Autores: Brorsen,   B. Wade; Bailey,   DeeVon; Richardson,   James W.
The dynamic relationship between daily cash and futures prices is investigated using time series analysis.  The procedure involves causality tests between the two price series.  The results show that futures price movements lead cash prices, implying that prices are discovered in the futures market.
Tipo: Journal Article
Palavras-chave: Demand and Price Analysis; Marketing.
Ano: 1984
URL: http://purl.umn.edu/32383

IMPACT OF ALTERNATIVE FARM PROGRAMS ON DIFFERENT SIZE COTTON FARMS IN THE TEXAS SOUTHERN HIGH PLAINS:  A SIMULATION APPROACH
Provedor de dados: 31
Autores: Smith,   Edward G.; Richardson,   James W.; Knutson,   Ronald D.
Eight Texas High Plains cotton farms, ranging in size from 189 acres to 5,570 acres, were simulated under six alternative farm program provisions to determine the likely structural impacts of these programs.  The results indicate mid-size farms benefit more from farm programs than either small or large farms since the programs allow them to remain in business.  Denying mid-size commercial farms access to the farm program would likely accelerate the trend towards a bimodal distribution of farm sizes on the High Plains.
Tipo: Journal Article
Palavras-chave: Agribusiness; Crop Production/Industries.
Ano: 1985
URL: http://purl.umn.edu/32325

Relative Profitability of Dairy Farms in a High Feed Cost Environment
Provedor de dados: 31
Autores: Herbst,   Brian K.; Anderson,   David P.; Outlaw,   Joe L.; Richardson,   James W.
This study will examine the competitive advantages that exist under current conditions.  Representative dairies are used to simulate the financial impacts of the different feeding practices and compared to those a few years ago.  The results indicate that the dairies the raise a majority of their feed saw a decrease in their cost to receipts ratio while dairies that purchase a majority of their feed saw an increase in their cost to receipt ratio.
Tipo: Conference Paper or Presentation
Palavras-chave: Dairy Production; Feed Costs; Regional Impacts; Production Economics.
Ano: 2010
URL: http://purl.umn.edu/56440

Post-Freedom to Farm Shifts in Regional Production Patterns
Provedor de dados: 31
Autores: Anderson,   David P.; Richardson,   James W.; Smith,   Edward G.
The FAIR Act of 1996, also known as the Freedom to Farm Act (ACT) dismantled many of the agriculture policy tools in use for the last 25 years. Gone were target prices, deficiency payments, and set asides. In their place were expanded marketing loan programs to effectively include wheat and feed grains and oilseeds in addition to cotton and rice. Full planting flexibility has been popular with farmers who are no longer constrained by base acres. Grain merchants and other volume oriented agribusinesses praise the elimination of set asides. The sharp decline in farm prices for all major program commodities since 1996 has left most farmers questioning the income safety net provisions of the FAIR Act. The flexibility and marketing loan provisions continue to...
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42777

Mexican Representative Farms 1998 Economic Outlook
Provedor de dados: 31
Autores: Ochoa,   Rene F.; Anderson,   David P.; Outlaw,   Joe L.; Richardson,   James W.; Knutson,   Ronald D.; Schwart,   Robert B., Jr.; Miller,   John W.
The farm level financial outlook for representative specialized and dual-purpose Mexican dairy operations is projected in this report. The analysis was for the 1997-2002 planning horizon using the Agricultural and Food Policy Center’s (AFPC) whole farm simulation model (FLIPSIM) and FAPRI’s sector level projections.
Tipo: Working or Discussion Paper
Palavras-chave: Agribusiness; Agricultural and Food Policy; Crop Production/Industries.
Ano: 1998
URL: http://purl.umn.edu/42795

Farm Level Comparison of the FAIR Act to the 1990 Farm Bill
Provedor de dados: 31
Autores: Smith,   Edward G.; Richardson,   James W.; Anderson,   David P.; Knutson,   Ronald D.
The objective of this study is to evaluate the farm level impacts of the change in policy that occurred in 1996 with the passage of the FAIR Act. This is done by estimating the impact to farmers’ income if the 1990 Farm Bill provisions had been extended as opposed to enacting FAIR in 1996. In another sense, the study provides insight into the question of whether farmers would have been financially better off over the period 1996-2002 with FAIR or the 1990 Farm Bill.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 1999
URL: http://purl.umn.edu/42792

Evaluation of Alternative Base Periods for a National Counter Cyclical Payment Program for Rice, Upland Cotton, Corn, Wheat, Soybeans and Sorghum
Provedor de dados: 31
Autores: Richardson,   James W.; Smith,   Edward G.; Womack,   Abner W.; Houston,   Christy M.
A risk analysis of a national counter cyclical payment (CCP) program for six crops was completed for one year. National planted acre yield risk over the 1986-2000 period was used with FAPRI’s stochastic projection of crop prices for 2001 in the analysis. Four alternative base periods for triggering a CCP were evaluated. Three Added AMTA scenarios and a Base scenario of no additional market loss or CCP were also run for each of the crops.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy.
Ano: 2001
URL: http://purl.umn.edu/42774