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Representative Farms Economic Outlook for the December 2003 FAPRI/AFPC Baseline

Author

Listed:
  • Richardson, James W.
  • Outlaw, Joe L.
  • Anderson, David P.
  • Sartwelle, James D., III
  • Feldman, Paul A.
  • Schumann, Keith D.
  • Klose, Steven L.
  • Schwart, Robert B., Jr.
  • Womack, Abner W.

Abstract

The farm level economic impacts of projected long term prices under the Federal Agriculture Improvement and Reform Act of 1996 (FAIR) on representative crop and livestock operations are projected in this report. For this report the FAIR Act will be referred to as the 1996 Farm Bill. The analysis was conducted over the 2000-2006 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: - Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms. - Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) December 2001 Baseline. The primary objective of the analysis is to determine the farms’ economic viability by region and commodity throughout the life of the 1996 Farm Bill and beyond.

Suggested Citation

  • Richardson, James W. & Outlaw, Joe L. & Anderson, David P. & Sartwelle, James D., III & Feldman, Paul A. & Schumann, Keith D. & Klose, Steven L. & Schwart, Robert B., Jr. & Womack, Abner W., 2001. "Representative Farms Economic Outlook for the December 2003 FAPRI/AFPC Baseline," Working Papers 42720, Texas A&M University, Agricultural and Food Policy Center.
    • Handle: RePEc:ags:tamfwp:42720
    DOI: 10.22004/ag.econ.42720
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    Cited by:

    1. Richardson, James W. & Outlaw, Joe L. & Raulston, J. Marc & Knapek, George M., 2005. "Impacts of Budget Reconciliation on U.S. Crop Producers," 2005 Annual meeting, July 24-27, Providence, RI 19540, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Adhikari, Shyam & Knight, Thomas O. & Belasco, Eric J., 2013. "Yield Guarantees and the Producer Welfare Benefits of Crop Insurance," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 38(1), pages 1-15, April.
    3. Adhikari, Shyam & Knight, Thomas O. & Belasco, Eric J., 2012. "Evaluation of Crop Insurance Yield Guarantees and Producer Welfare with Upward-Trending Yields," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 41(3), pages 1-10, December.
    4. Behrens, Gesine Maren & Lasner, Tobias & Brinker, Alexander & Schumann, Mark, 2019. "Viability of cork-enriched feed in trout farming: An agri benchmark fish study on innovative aquaculture techniques," Thünen Working Papers 116, Johann Heinrich von Thünen Institute, Federal Research Institute for Rural Areas, Forestry and Fisheries.
    5. Anderson, David & Anderson, John D. & Sawyer, Jason, 2008. "Impact of the Ethanol Boom on Livestock and Dairy Industries: What Are They Going to Eat?," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 40(2), pages 573-579, August.
    6. Monge, Juan J. & Ribera, Luis A. & Jifon, John L. & da Silva, Jorge A. & Richardson, James W., 2014. "Economics and Uncertainty of Lignocellulosic Biofuel Production from Energy Cane and Sweet Sorghum in South Texas," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 46(4), pages 457-485, November.
    7. Anderson, David P. & Richardson, James W. & Smith, Edward G., 2001. "Post-Freedom to Farm Shifts in Regional Production Patterns," Working Papers 42777, Texas A&M University, Agricultural and Food Policy Center.
    8. Herbst, Brian K. & Anderson, David P. & Outlaw, Joe L. & Richardson, James W., 2010. "Relative Profitability of Dairy Farms in a High Feed Cost Environment," 2010 Annual Meeting, February 6-9, 2010, Orlando, Florida 56440, Southern Agricultural Economics Association.
    9. Palma, Marco A. & Richardson, James W. & Roberson, Brad E. & Ribera, Luis A. & Outlaw, Joe L. & Munster, Clyde, 2011. "Economic Feasibility of a Mobile Fast Pyrolysis System for Sustainable Bio-crude Oil Production," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 14(3), pages 1-16, September.
    10. Herbst, Brian K. & Anderson, David P. & Outlaw, Joe L. & Richardson, James W. & Mazurkiewicz, Stephanie, 2014. "Risk Reducing Effects of the Dairy Security Act on Southern Dairies," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162537, Southern Agricultural Economics Association.

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