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Koo, Won W.; Duncan, Marvin R.; Taylor, Richard D.; Aakre, Dwight G.; Swenson, Andrew L.. |
The analysis was conducted to evaluate the impacts of both the Federal Agricultural Improvement and Reform Act of 1996 (FAIR) and the cattle cycle on the livestock enterprises. The North Dakota Representative Farm and Ranch Model, which uses the Food and Agricultural Policy Research Institute price projections as an input, was developed and used for this analysis. Net farm income and farm debt-to-asset ratios for the average and large beef cattle farms were analyzed. The U.S. cattle industry has been characterized by cyclical variations in production and prices. It appears that the current cattle cycle is in the final stages of expansion. Cattle numbers continued to increase during 1995, but at a slow rate. Industry estimates are that the bottom of... |
Tipo: Working or Discussion Paper |
Palavras-chave: Livestock; Representative farms; Cattle cycle; Production Economics. |
Ano: 1996 |
URL: http://purl.umn.edu/23339 |
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