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| Registros recuperados: 206 | |
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| 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 |
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| 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 |
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| 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 |
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| Ano: 2007 |
URL: http://purl.umn.edu/37978 |
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| 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 |
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| 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 |
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| 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&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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| Registros recuperados: 206 | |
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