IDEAS home Printed from https://ideas.repec.org/a/ags/joaaec/15418.html
   My bibliography  Save this article

The Value Of Planting Flexibility Provisions In The 1990 Farm Bill To Three Representative Texas Farms

Author

Listed:
  • Chien, Ming-Che
  • Leatham, David J.

Abstract

The 1990 Farm Bill reduces deficiency payments but also provides more planting flexibility for program participants. In this study, a mean-standard deviation analysis is used to analyze the impacts of planting flexibility provisions on crop selection decisions, farm returns, and farm risk. Results show that gains from the added planting flexibility do not offset the mandatory loss in the deficiency payments for program participants. Planting flexibility will lead to an increase in corn and wheat planted in the Northern Plains and an increase in cotton planted in the Rolling Plains and Coastal Bend, Texas.

Suggested Citation

  • Chien, Ming-Che & Leatham, David J., 1994. "The Value Of Planting Flexibility Provisions In The 1990 Farm Bill To Three Representative Texas Farms," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(1), pages 1-10, July.
  • Handle: RePEc:ags:joaaec:15418
    DOI: 10.22004/ag.econ.15418
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/15418/files/26010148.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.15418?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
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Richardson, James W. & Smith, Edward G. & Sechrist, Daniel R. & Knutson, Ronald D., 1990. "Farm Level Impacts of Flexibility," Working Papers 258043, Texas A&M University, Agricultural and Food Policy Center.
    2. Perry, Gregory M. & Rister, M. Edward & Richardson, James W. & Bessler, David A., 1989. "Incorporating Government Program Provisions Into A Mean-Variance Framework," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(2), pages 1-11, December.
    3. McCarl, Bruce A. & Bessler, David A., 1989. "Estimating An Upper Bound On The Pratt Risk A Version Coefficient When The Utility Function Is Unknown," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 1-8, April.
    4. Mark R. Weimar & Arne Hallam, 1988. "Risk, Diversification, and Vegetables as an Alternative Crop for Midwestern Agriculture," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 10(1), pages 75-89.
    5. Lars Brink & Bruce McCarl, 1978. "The Tradeoff between Expected Return and Risk Among Cornbelt Farmers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(2), pages 259-263.
    6. Tsiang, S C, 1972. "The Rationale of the Mean-Standard Deviation Analysis, Skewness Preference, and the Demand for Money," American Economic Review, American Economic Association, vol. 62(3), pages 354-371, June.
    7. Gregory M. Perry & Bruce A. McCarl & M. Edward Rister & James W. Richardson, 1989. "Modeling Government Program Participation Decisions at the Farm Level," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 1011-1020.
    8. Wesley N. Musser & Kostas G. Stamoulis, 1981. "Evaluating the Food and Agriculture Act of 1977 with Firm Quadratic Risk Programming," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(3), pages 447-456.
    9. Featherstone, Allen M. & Moss, Charles B., 1990. "Quantifying Gains To Risk Diversification Using Certainty Equivalence In A Mean-Variance Model: An Application To Florida Citrus," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(2), pages 191-197, December.
    10. Bruce A. McCarl, 1982. "Cropping Activities in Agricultural Sector Models: A Methodological Proposal," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(4), pages 768-772.
    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. Wu, Shunxiang & Walker, David J. & Brusven, Merlyn A., 1997. "Economic And Environmental Impacts Of Planting Flexibility And Conservation 1990 Farm Bills For Future Farm Legislation," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(2), pages 1-13, October.
    2. Raulston, J. & Klose, Steven & Outlaw, Joe & Richardson, James, 2007. "The Impact of Increased Planting Flexibility on Planting Decisions Across Texas," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2007, pages 1-10.

    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. Louhichi, Kamel & Flichman, Guillermo & Blanco Fonseca, Maria, 2009. "A generic template for FSSIM," Reports 57463, Wageningen University, SEAMLESS: System for Environmental and Agricultural Modelling; Linking European Science and Society.
    2. Gomez-Limon, Jose A. & Arriaza, Manuel & Riesgo, Laura, 2003. "An MCDM analysis of agricultural risk aversion," European Journal of Operational Research, Elsevier, vol. 151(3), pages 569-585, December.
    3. Petsakos, Athanasios & Rozakis, Stelios, 2011. "Integrating risk and uncertainty in PMP models," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114762, European Association of Agricultural Economists.
    4. Gomez-Limon, Jose Antonio & Riesgo, Laura & Arriaza Balmón, Manuel, 2002. "Agricultural Risk Aversion Revisited: A Multicriteria Decision-Making Approach," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24827, European Association of Agricultural Economists.
    5. Bruce A. McCarl & David A. Bessler, 1989. "Estimating An Upper Bound On The Pratt Risk A Version Coefficient When The Utility Function Is Unknown," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 56-63, April.
    6. Xuan Liu & Jun Duan & G. Cornelis van Kooten, 2018. "The impact of changes in the AgriStability program on crop activities: A farm modeling approach," Agribusiness, John Wiley & Sons, Ltd., vol. 34(3), pages 650-667, June.
    7. Ellis, John R. & Hughes, David W. & Butcher, Walter R., 1991. "Economic Modeling Of Farm Production And Conservation Decisions In Response To Alternative Resource And Environmental Policies," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 20(1), pages 1-11, April.
    8. Johan Petersson & Hans Andersson, 1996. "The Benefits Of Share Contracts: Some European Results," Journal of Agricultural Economics, Wiley Blackwell, vol. 47(1‐4), pages 158-171, January.
    9. Dillon, Carl R., 1992. "Microeconomic Effects Of Reduced Yield Variability Cultivars Of Soybeans And Wheat," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(1), pages 1-13, July.
    10. Schweri, Juerg & Hartog, Joop & Wolter, Stefan C., 2011. "Do students expect compensation for wage risk?," Economics of Education Review, Elsevier, vol. 30(2), pages 215-227, April.
    11. Anissa Chaibi & Maria-Lenuta Ciupac-Ulici & Mircea-Cristian Gherman, 2014. "Do Recent Stochastic Tools Help to Better Understand Investors Preference and Asset Allocation?," Working Papers 2014-130, Department of Research, Ipag Business School.
    12. Sanchez-Romero, Miguel, 2006. "“Demand for Private Annuities and Social Security: Consequences to Individual Wealth”," Working Papers in Economic Theory 2006/07, Universidad Autónoma de Madrid (Spain), Department of Economic Analysis (Economic Theory and Economic History).
    13. Rawlins, Richard B. & Bernardo, Daniel J., 1991. "Incorporating Uncertainty In The Analysis Of Optimal Beef-Forage Production Systems," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(1), pages 1-13, July.
    14. Young, Douglas & Lin, William & Pope, Rulon & Robison, Lindon & Selley, Roger, 1979. "Risk Preferences Of Agricultual Producers:Their Measurement And Use," Risk Management in Agriculture: Behavioral, Managerial, and Policy Issues, January 25-26, 1979, San Francisco, California 271459, Regional Research Projects > W-149: An Economic Evaluation of Managing Market Risks in Agriculture.
    15. Kooten, G. Cornelis van, 2013. "Modeling Forest Trade in Logs and Lumber: Qualitative and Quantitative Analysis," Working Papers 149182, University of Victoria, Resource Economics and Policy.
    16. William T. McSweeny & David E. Kenyon & Randall A. Kramer, 1987. "Toward an Appropriate Measure of Uncertainty in a Risk Programming Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(1), pages 87-96.
    17. Franz Sinabell & Martin Schönhart & Erwin Schmid, 2015. "Austrian Agriculture 2010-2050. Quantitative Effects of Climate Change Mitigation Measures – An Analysis of the Scenarios WEM, WAM and a Sensitivity Analysis of the Scenario WEM," WIFO Studies, WIFO, number 58400, February.
    18. Roy, René & Baker, Laurie & Thomassin, Paul J., 2013. "Estimating the Cost of Agricultural Pollution Abatement: Establishing Beneficial Management Practices in the Bras d’Henri Watershed," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150956, Agricultural and Applied Economics Association.
    19. Adrien Hervouet & Marc Baudry, 2011. "Promoting innovation in the seed market and biodiversity: the role of IPRs and commercialization rules," Post-Print hal-02012239, HAL.
    20. Hammida, Mustapha & Eidman, Vernon R., 1991. "Livestock And Poultry Production Risk In The United States," Staff Papers 14016, University of Minnesota, Department of Applied Economics.

    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:joaaec:15418. 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.