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The Food and Agricultural Policy Simulator

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Author Info

  • Salathe, Larry E.
  • Price, J. Michael
  • Gadson, Kenneth E.
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    Abstract

    This article describes the structure and dynamic properties of the Food and Agricultural Policy Simulator (FAPSIM), an annual econometric model of the US agricultural sector F APSIM estimates a simultaneous price-quantity equilibrium solution for a set of individual commodity models developed for beef, pork, dairy, chickens, eggs, turkeys, corn, oats, barley, gram sorghum, wheat, soybeans, and cotton F APSIM also endogenously determines farm production expenses, cash receipts, net farm Income, Government deficiency and reserve storage payments, consumer price indexes for food products, and farmer participation 10 Government commodity programs The model estimates that each 1OO -million-bushel Increase In corn exports Increases the price of com by $0 15 per bushel

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    File URL: http://purl.umn.edu/148817
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    Bibliographic Info

    Article provided by United States Department of Agriculture, Economic Research Service in its journal Agricultural Economics Research.

    Volume (Year): (1982)
    Issue (Month): 2 ()
    Pages:

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    Handle: RePEc:ags:ueraer:148817

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    Postal: 1400 Independence Ave.,SW, Mail Stop 1800, Washington, DC 20250-1800
    Phone: 202-694-5050
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    Web page: http://www.ers.usda.gov/
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    Related research

    Keywords: Agriculture; crops; econometric model; feed grams; livestock; policy analysis; Agricultural and Food Policy; Research and Development/Tech Change/Emerging Technologies;

    References

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    1. Michael C. Lovell, 1959. "Manufacturers' Inventories, Sales Expectations, and the Acceleration Principle," Cowles Foundation Discussion Papers 86, Cowles Foundation for Research in Economics, Yale University.
    2. Houck, James P. & Ryan, Mary E., 1972. "Supply Analysis For Corn In The United States: The Impact Of Changing Government Programs," Staff Papers 13554, University of Minnesota, Department of Applied Economics.
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    Citations

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    Cited by:
    1. Langley, Suchada V. & Somwaru, Agapi & Normile, Mary Anne, 2006. "Trade Liberalization in International Dairy Markets: Estimated Impacts," Economic Research Report 7214, United States Department of Agriculture, Economic Research Service.
    2. Alston, Julian M. & Beach, E. Douglas, 1996. "Market distortions and the benefits from research into new uses for agricultural commodities: Ethanol from corn," Resource and Energy Economics, Elsevier, vol. 18(1), pages 1-29, March.
    3. Westcott, Paul C. & Price, J. Michael, 2001. "Analysis Of The U.S. Commodity Loan Program With Marketing Loan Provisions," Agricultural Economics Reports 34035, United States Department of Agriculture, Economic Research Service.
    4. Ferjani, Ali, 2008. "Agricultural policy (AP2011) Reform and the WTO: Potential Impacts on Swiss Agriculture," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6638, European Association of Agricultural Economists.

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