IDEAS home Printed from https://ideas.repec.org/a/ags/sojoae/30010.html
   My bibliography  Save this article

Estimating The Value Of The 0/92 Reduced Planting Alternatives Of The 1985 Farm Bill For Farm Program Paticipants

Author

Listed:
  • Thompson, Troy N.
  • Knight, Thomas O.
  • Boren, Billy D.

Abstract

The 50/92 and 0/92 reduced planting alternatives of the 1985 farm bill allow farm program participants more flexibility in making production decisions. Specifically, these provisions relax the incentive to produce inherent in earlier commodity programs that linked deficiency payments directly to harvested acreage. This study examined the value of this additional decision flexibility for crop producers in the Blacklands of Central Texas. The results suggest that the reduced planting alternatives would not be used by, and have no value for risk neutral producers, but have substantial value for risk averse producers who would reduce planted acreage in years when yield expectations are low.

Suggested Citation

  • Thompson, Troy N. & Knight, Thomas O. & Boren, Billy D., 1990. "Estimating The Value Of The 0/92 Reduced Planting Alternatives Of The 1985 Farm Bill For Farm Program Paticipants," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(2), pages 1-11, December.
    • Handle: RePEc:ags:sojoae:30010
    DOI: 10.22004/ag.econ.30010
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/30010/files/22020087.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.30010?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. Griffin, Ronald C. & Rister, M. Edward & Montgomery, John M. & Turner, Fred T., 1985. "Scheduling Inputs with Production Functions: Optimal Nitrogen Programs for Rice," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 17(1), pages 159-168, July.
    2. Robert P. King & George E. Oamek, 1983. "Risk Management by Colorado Dryland Wheat Farmers and the Elimination of the Disaster Assistance Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 247-255.
    3. Love, Ross O. & Robison, Lindon J., 1984. "An Empirical Analysis Of The Intertemporal Stability Of Risk Preference," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(01), pages 1-7, July.
    4. Anderson, Jock R. & Feder, Gershon, 2007. "Agricultural Extension," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 44, pages 2343-2378, Elsevier.
    5. Byerlee, Derek R. & Anderson, Jock R., 1969. "Value Of Predictors Of Uncontrolled Factors In Response Functions," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 13(2), pages 1-10, December.
    6. James G. Ryan & Richard K. Perrin, 1974. "Fertilizer Response Information and Income Gains: The Case of Potatoes in Peru," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(2), pages 337-343.
    7. Bernard Oury, 1965. "Allowing for Weather in Crop Production Model Building," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(2), pages 270-283.
    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. 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. Rudel, Richard K. & McCamley, Francis P., 2000. "Target Motad For Risk Lovers: An Alternative Version," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36328, Western Agricultural Economics Association.
    2. Boggess, William G. & Anaman, Kwabena A. & Hanson, Gregory D., 1985. "Importance, Causes, And Management Responses To Farm Risks: Evidence From Florida And Alabama," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-12, December.
    3. Anderson, Jock R., 1997. "Policy and Management Work within International Agricultural Research," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 41(4), pages 1-19.
    4. Anderson, Jock R., 1979. "Impacts of Climatic Variability in Australian Agriculture: A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(03), pages 1-31, December.
    5. Freebairn, John W., 1978. "An Evaluation of Outlook Information for Australian Agricultural Commodities," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 46(03), pages 1-21, December.
    6. Maynard, Leigh J. & Harper, Jayson K. & Hoffman, Lynn D., 1997. "Impact Of Risk Preferences On Crop Rotation Choice," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(01), pages 1-9, April.
    7. Bard, Sharon K. & Barry, Peter J., 2000. "Developing A Scale For Assessing Risk Attitudes Of Agricultural Decision Makers," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 3(01), pages 1-17.
    8. Byerlee, Derek R. & Anderson, Jock R., 1982. "Risk, Utility and the Value of Information in Farmer Decision Making," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 50(03), pages 1-16, December.
    9. Schoney, R. A., 1990. "An Analysis of Wheat Supply Response Under Risk and Uncertainty," Working Papers 244030, Agriculture and Agri-Food Canada.
    10. Anderson, Kim B. & Mapp, Harry P., Jr., 1996. "Risk Management Programs In Extension," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(01), pages 1-8, July.
    11. Praneetvatakul, Suwanna & Waibel, Hermann, 2006. "Impact Assessment of Farmer Field School Using A Multi-Period Panel Data Model," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25499, International Association of Agricultural Economists.
    12. Serrao, Amilcar & Coelho, Luis, 2004. "Cumulative Prospect Theory: A Study Of The Farmers' Decision Behavior In The Alentejo Dryland Region Of Portugal," 2004 Annual meeting, August 1-4, Denver, CO 20245, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. Mackinnon, John & Reinikka, Ritva, 2000. "Lessons from Uganda on strategies to fight poverty," Policy Research Working Paper Series 2440, The World Bank.
    14. Magnan, Nicholas & Spielman, David J. & Lybbert, Travis J. & Gulati, Kajal, 2015. "Leveling with friends: Social networks and Indian farmers' demand for a technology with heterogeneous benefits," Journal of Development Economics, Elsevier, vol. 116(C), pages 223-251.
    15. Torres Franco, Nicolás Arturo & Dávalos, Eleonora & Morales, Leonardo Fabio, 2021. "Heterogeneous Effects of Agricultural Technical Assistance in Colombia," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 53(4), pages 459-481, November.
    16. Mwambi, Mercy & Depenbusch, Lutz & Bonnarith, Uon & Sotelo-Cardona, Paola & Kieu, Khemrin & di Tada, Nicolas & Srinivasan, Ramasamy & Schreinemachers, Pepijn, 2023. "Can phone text messages promote the use of integrated pest management? A study of vegetable farmers in Cambodia," Ecological Economics, Elsevier, vol. 204(PA).
    17. Gomez-Limon, Jose Antonio & Riesgo, Laura & Arriaza Balmón, Manuel, 2003. "Multi-Criteria Analysis Of Factors Use Level: The Case Of Water For Irrigation," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25836, International Association of Agricultural Economists.
    18. Parton, Kevin A., 2009. "Agricultural Decision Analysis: The Causal Challenge," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 48150, Australian Agricultural and Resource Economics Society.
    19. Mjelde, James W. & Capps, Oral & Griffin, Ronald C., 1995. "Examination of Alternative Heteroscedastic Error Structures Using Experimental Data," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 27(1), pages 197-211, July.
    20. Rasmussen, Svend, 2003. "Criteria for optimal production under uncertainty. The state-contingent approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 47(4), pages 1-30.

    More about this item

    Keywords

    Agricultural and Food Policy;

    Statistics

    Access and download statistics

    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:sojoae:30010. 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.