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A Comparison Of State And Usda Cost And Return Estimates

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  • Libbin, James D.
  • Torell, L. Allen

Abstract

Concern has been voiced that U.S. Department of Agriculture (UDSA) Farm Costs and Returns Surveys are used for a wide variety of policy analyses but produce questionable estimates. USDA-developed crop and livestock cost and return estimates for New Mexico and other selected states are compared to estimates developed by state universities. Major differences exist, most important of which relate to the ability of the survey respondent to answer the questions posed. Regardless of the cause of the differences, closer cooperation between the USDA and state universities clearly is needed to develop consistent estimates.

Suggested Citation

  • Libbin, James D. & Torell, L. Allen, 1990. "A Comparison Of State And Usda Cost And Return Estimates," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(2), pages 1-11, December.
    • Handle: RePEc:ags:wjagec:32056
    DOI: 10.22004/ag.econ.32056
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    References listed on IDEAS

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    1. Nott, Sherrill B. & Lacksen, Jeffrey T. & Schwab, Gerald D. & Shapley, Allen E. & Kelsey, Myron P. & Hilker, James H. & Copeland, Lawrence O., 1987. "Estimated Budgets for Michigan Crops and Livestock, 1987," Agricultural Economic Report Series 201369, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    2. McElroy, Robert G., 1987. "State-Level Costs Of Production, 1985," Staff Reports 277933, United States Department of Agriculture, Economic Research Service.
    3. Van Arsdall, Roy N. & Skold, Melvin D., 1973. "Cattle Raising in the United States," Agricultural Economic Reports 307479, United States Department of Agriculture, Economic Research Service.
    4. Morehart, Mitchell J. & Nielsen, Elizabeth G. & Johnson, James D., 1988. "Development and use of financial ratios for the evaluation of farm businesses," Technical Bulletins 312298, United States Department of Agriculture, Economic Research Service.
    5. Morehart, Mitchell J. & Prescott, Richard, 1986. "Farm Operating And Financial Characteristics, January 1985," Staff Reports 277891, United States Department of Agriculture, Economic Research Service.
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