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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.

Suggested Citation

  • 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(2), pages 97-106, December.
    • Handle: RePEc:cup:jagaec:v:18:y:1986:i:02:p:97-106_00
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    Cited by:

    1. Richardson, James W. & Knutson, Ronald D., 1987. "Effects Of Farm Policy On The Firm Level Risk Environment And Implications For Policy," Regional Research Projects > 1987: S-180 Annual Meeting, March 22-25, 1987, San Antonio, Texas 272774, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    2. 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.
    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(01), pages 1-10, April.

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