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Effect of Changing Input Prices on Net Farm Income of Typical Cash Grain, Wheat and Cotton Farms with Alternative Target Prices

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  • Brown, W. H.

Abstract

Excerpts from the report: The Agriculture and Consumer Protection Act of 1973 establishes target prices for feed grain, wheat and cotton. The target price levels for 1974 and 1975 are specified in the Act. For 1976 and 1977 target prices are to be adjusted to reflect changes during the previous calendar year in the index of prices paid by farmers for production items, interest, taxes and wage rates. Target prices are also to be adjusted for changes in yields, using a 3 year moving average. The purpose of this analysis is to estimate the effects of continued changes in prices paid and alternative price specifications on net farm income of selected representative farms. The three farms include an Illinois cash grain farm, a Kansas wheat farm and a Mississippi Delta cotton farm.

Suggested Citation

  • Brown, W. H., 1974. "Effect of Changing Input Prices on Net Farm Income of Typical Cash Grain, Wheat and Cotton Farms with Alternative Target Prices," Miscellaneous Publications 329872, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:329872
    DOI: 10.22004/ag.econ.329872
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