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Effects of Alternative Farm Programs and Levels of Price Variability on Texas Cotton Farms

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  • Duffy, Patricia A.
  • Richardson, James W.
  • Smith, Edward G.

Abstract

This study examines the effects of alternative government farm programs and hypothetical price variability levels on two Texas cotton farms which were simulated stochastically over a 10-year period. Results indicate that a combination of high price variability and participation in government programs stimulates growth and wealth accumulation.
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  • Duffy, Patricia A. & Richardson, James W. & Smith, Edward G., 1986. "Effects of Alternative Farm Programs and Levels of Price Variability on Texas Cotton Farms," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(02), pages 97-106, December.
  • Handle: RePEc:cup:jagaec:v:18:y:1986:i:02:p:97-106_00
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    1. Lemieux, Catharine M. & Richardson, James W. & Nixon, Clair J., 1982. "Federal Crop Insurance Vs. Ascs Disaster Assistance For Texas High Plains Cotton Producers: An Application Of Whole-Farm Simulation," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(02), December.
    2. Smith, Edward G. & Richardson, James W. & Knutson, Ronald D., 1985. "Impact Of Alternative Farm Programs On Different Size Cotton Farms In The Texas Southern High Plains: A Simulation Approach," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(02), December.
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    Cited by:

    1. Oriade, Caleb A. & Dillon, Carl R., 1997. "Developments in biophysical and bioeconomic simulation of agricultural systems: a review," Agricultural Economics, Blackwell, vol. 17(1), pages 45-58, October.
    2. Oriade, Caleb A. & Dillon, Carl R., 1997. "Developments in biophysical and bioeconomic simulation of agricultural systems: a review," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 17(1), October.
    3. Wackernagel, Rick, 1998. "Potential Economic Impacts Of The Northeast Interstate Dairy Compact On Vermont Dairy Farms," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 27(1), April.

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