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

  • 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.

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.

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Paper provided by Texas A&M University, Agricultural and Food Policy Center in its series Working Papers with number 42720.

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Date of creation: Dec 2001
Date of revision:
Handle: RePEc:ags:tamfwp:42720
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