IDEAS home Printed from https://ideas.repec.org/a/ags/sojoae/30212.html
   My bibliography  Save this article

Economic Survivability Of Mississippi Rice Farms: A Deterministic Simulation Approach

Author

Listed:
  • Salassi, Michael E.
  • Eddleman, Bobby R.
  • Hamill, James G.

Abstract

This study evaluates the economic survivability of rice farms in the Delta area of Mississippi. A general whole-farm simulation model, FLIPSIM V, is used to simulate the operations of representative rice farms over a 10-year period. Although farm size did not change for any of the representative farms considered, the financial structure of these farms changed considerably. Crop mix was found to cause significant differences in the economic growth and financial viability of rice farms in the region.

Suggested Citation

  • Salassi, Michael E. & Eddleman, Bobby R. & Hamill, James G., 1987. "Economic Survivability Of Mississippi Rice Farms: A Deterministic Simulation Approach," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(2), pages 1-11, December.
    • Handle: RePEc:ags:sojoae:30212
    DOI: 10.22004/ag.econ.30212
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/30212/files/19020163.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.30212?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Michael Boehlje & Vernon Eidman, 1983. "Financial Stress in Agriculture: Implications for Producers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 937-944.
    2. Peter J. Barry & Warren F. Lee, 1983. "Financial Stress in Agriculture: Implications for Agricultural Lenders," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 945-952.
    3. Peggy F. Barlett, 1984. "Microdynamics of Debt, Drought, and Default in South Georgia," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(5), pages 836-843.
    4. Barlett, Peggy F., 1984. "Microdynamics of Debt, Drought, and Default in South Georgia," 1984 Annual Meeting, August 5-8, Ithaca, New York 278996, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. John R. Brake, 1983. "Financial Crisis in Agriculture: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 953-954.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Oriade, Caleb A. & Dillon, Carl R., 1997. "Developments in biophysical and bioeconomic simulation of agricultural systems: a review," Agricultural Economics, Blackwell, vol. 17(1), pages 45-58, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Innes, Robert, 1987. "Agency Costs, Farm Debt And Foreclosure: Positive And Policy Issues," Working Papers 225811, University of California, Davis, Department of Agricultural and Resource Economics.
    2. Innes, Robert, 1986. "Moral Hazard and the Genesis of Farm Debt," CUDARE Working Papers 198349, University of California, Berkeley, Department of Agricultural and Resource Economics.
    3. Teigen, Lloyd D., 1988. "Agricultural Policy, Technology Adoption, and Farm Structure," Staff Reports 278118, United States Department of Agriculture, Economic Research Service.
    4. Bentley, Susan E. & et al. (+10), 1989. "Involuntary Exits from Farming: Evidence from Four Studies," Agricultural Economic Reports 308083, United States Department of Agriculture, Economic Research Service.
    5. Zulauf, Carl R., 1986. "CHANGES IN SELECTED CHARACTERISTICS OF U.S. FARMS DURING THE 1970s AND EARLY 1980s: AN INVESTIGATION BASED ON CURRENT AND CONSTANT DOLLAR SALES CATEGORIES," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(1), pages 1-10, July.
    6. Adhikari, Arun & Mishra, Ashok K. & Chintawar, Sachin, 2009. "Adoption of Technology and Its Impact on Profitability of Young and Beginning Farmers: A Quantile Regression Approach," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46830, Southern Agricultural Economics Association.
    7. El-Osta, Hisham S. & Morehart, Mitchell J., 1999. "Technology Adoption Decisions In Dairy Production And The Role Of Herd Expansion," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 28(1), pages 1-12, April.
    8. Buttel, Frederick H. & LaRamee, Pierre, 1987. "The "Disappearing Middle": A Sociological Perspective," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269958, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Callahan, Scott & Ifft, Jennifer & Michaud, Clayton P., 2022. "The impact of countercyclical farm programs on agricultural land values," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322579, Agricultural and Applied Economics Association.
    10. Wilson, Paul N. & Gundersen, Carl E., 1985. "Financial Risk In Cotton Production," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-8, December.
    11. Geoffroy Enjolras & Philippe Madiès, 2020. "The role of bank analysts and scores in the prediction of financial distress: Evidence from French farms," Economics Bulletin, AccessEcon, vol. 40(4), pages 2978-2993.
    12. Robert Dinterman & Ani L. Katchova & James Michael Harris, 2018. "Financial stress and farm bankruptcies in US agriculture," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 78(4), pages 441-456, February.
    13. Geron, Maria Piedad S., 1989. "Microeconomic Behavior of Agents in a Credit-Output Market in an Agricultural Setting," Philippine Journal of Development JPD 1989 Vol. XVI No.1-a, Philippine Institute for Development Studies.
    14. Coon, Randal C. & Pokharel, Champak P. & Pederson, Glenn D., 1986. "Interest Margin And Agricultural Bank Performance: A Preliminary Analysis," Staff Papers 13894, University of Minnesota, Department of Applied Economics.
    15. Lowenberg-DeBoer, James M., 1985. "The impact of farmland price changes on farm size, financial structure enterprise choice," ISU General Staff Papers 198501010800009722, Iowa State University, Department of Economics.
    16. Gabriel, Stephen C. & Peterson, R. Neal & Starr, Vernon B., 1985. "A Risk Profile Of Lenders' Farm Loan Portfolios," Staff Reports 277643, United States Department of Agriculture, Economic Research Service.
    17. Boehlje, Michael & Lowenberg-DeBoer, J., 1985. "Integration of Production and Financial Theory in Analysing Farm Firm Behaviour," 1985 Conference, August 26-September 4, 1985, Malaga, Spain 183029, International Association of Agricultural Economists.
    18. Heman D. Lohano & Robert P. King, 2009. "A Stochastic Dynamic Programming Analysis of Farmland Investment and Financial Management," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 57(4), pages 575-600, December.
    19. Jannsen, Larry & Stover, Ron & Clark, Virginia, 1990. "The Structure Of Families And Changes In Farm Organization And Structure," 1990 Conference, January 6-9, Albuquerque, New Mexico 260183, Regional Research Committe NC-181: Determinants of Farm Size and Structure.
    20. Barkema, Alan Dean, 1985. "Farm survival under uncertainty," ISU General Staff Papers 1985010108000017535, Iowa State University, Department of Economics.

    More about this item

    Keywords

    Crop Production/Industries;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:sojoae:30212. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/saeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.