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Representative Farms Economic Outlook for the January 2001 FAPRI/AFPC Baseline

Author

Listed:
  • Richardson, James W.
  • Anderson, David P.
  • Smith, Edward G.
  • Womack, Abner W.
  • Feldman, Paul A.
  • Schumann, Keith D.
  • Outlaw, Joe L.
  • Klose, Steven L.
  • Schwart, Robert B., Jr.
  • Ochoa, Rene F.
  • Kristinek, Jennifer

Abstract

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 1996-2005 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) January 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.

Suggested Citation

  • Richardson, James W. & Anderson, David P. & Smith, Edward G. & Womack, Abner W. & Feldman, Paul A. & Schumann, Keith D. & Outlaw, Joe L. & Klose, Steven L. & Schwart, Robert B., Jr. & Ochoa, Rene F. &, 2001. "Representative Farms Economic Outlook for the January 2001 FAPRI/AFPC Baseline," Working Papers 42783, Texas A&M University, Agricultural and Food Policy Center.
    • Handle: RePEc:ags:tamfwp:42783
    DOI: 10.22004/ag.econ.42783
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    Cited by:

    1. Jansen, Jim A. & Stockton, Matthew C. & Lubben, Bradley D., 2012. "Modeling Correlated and Disaggregated Crop Revenue Distributions: Implications under Mixed Policy and Program Initiatives," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124688, Agricultural and Applied Economics Association.
    2. Palma, Marco A. & Richardson, James W. & Roberson, Brad E. & Ribera, Luis A. & Outlaw, Joe L. & Munster, Clyde, 2011. "Economic Feasibility of a Mobile Fast Pyrolysis System for Sustainable Bio-crude Oil Production," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 14(3), pages 1-16, September.

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