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Farm Size Evaluation in the El Paso Valley: A Survival/Success Approach

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  • James W. Richardson
  • Gary D. Condra

Abstract

Policy makers and agricultural economists in the United States have long been interested in the effects of size on farm survival and success. Most farm size studies to date have concentrated on economic efficiency and have failed to incorporate the effects of uncertainty, time, income taxes, financial considerations, and variation in year-to-year net cash flows on the survival/success of different size farms. A dynamic Monte-Carlo simulation-programming model was developed and used to analyze the projected survival/success of four alternative farm sizes for the El Paso Valley. For farms in the El Paso Valley, the projected chances of survival and success increase as farm size increases from 160 to 960 acres and/or beginning equity level increases from 25% to 100%.

Suggested Citation

  • James W. Richardson & Gary D. Condra, 1981. "Farm Size Evaluation in the El Paso Valley: A Survival/Success Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(3), pages 430-437.
    • Handle: RePEc:oup:ajagec:v:63:y:1981:i:3:p:430-437.
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    File URL: http://hdl.handle.net/10.2307/1240533
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    Cited by:

    1. Jones, Rodney & Purcell, Wayne & Driscoll, Paul & Peterson, Everett, 1996. "Issues and Cautions in Employing Behavioral Modeling Approaches to Test for Market Power," Staff Papers 232517, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    2. Mitchell, Paul D. & Knight, Thomas O., 2007. "Economic Analysis of Supplemental Deductible Coverage as Recommended in the USDA’s 2007 Farm Bill Proposal," Staff Papers 92125, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    3. Ryan, Jim & Baum, Kenneth & Johnson, Jim & Harrington, David, 1985. "Eliminating Commodity Programs: Farm Financial Effects And Agricultural Structure Adjustments," 1985 Annual Meeting, August 4-7, Ames, Iowa 278538, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. repec:ags:vtaesp:232464 is not listed on IDEAS

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