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Food And Agricultural Policy Simulator (Fapsim): Structural Equations And Variable Definitions

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  • Gadson, Kenneth E.
  • Price, J. Michael
  • Salathe, Larry E.

Abstract

This report provides a detailed description of the structural equations and their statistical attributes in the current version of the Food and Agricultural Policy Simulator (FAPSIM). FAPSIM is an annual econometric model of the U.S. agricultural sector. It estimates a simultaneous price-quantity equilibrium solution for a set of individual commodity models developed for beef, pork, dairy, chickens, eggs, turkeys, corn, oats, barley, grain sorghum, wheat, soybeans, and cotton. It also endogenously estimates farm production expenses, cash receipts, net farm income, Government deficiency and reserve storage payments, consumer price indexes for food products, and farmer participation in Government commodity programs.

Suggested Citation

  • Gadson, Kenneth E. & Price, J. Michael & Salathe, Larry E., 1982. "Food And Agricultural Policy Simulator (Fapsim): Structural Equations And Variable Definitions," Staff Reports 276743, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:276743
    DOI: 10.22004/ag.econ.276743
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    References listed on IDEAS

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    1. Matthews, Jimmy L., 1973. "Conditional Market Forecasts and Implications for the U.S. Soybean Economy," Miscellaneous Publications 324757, United States Department of Agriculture, Economic Research Service.
    2. Salathe, Larry E. & Price, J. Michael & Gadson, Kenneth E., 1982. "The Food and Agricultural Policy Simulator," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 34(2), pages 1-15, April.
    3. Kost, William E., 1980. "Model Validation And The Net Trade Model," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 32(2), pages 1-16, April.
    4. J. P. Houck & M. E. Ryan, 1972. "Supply Analysis for Corn in the United States: The Impact of Changing Government Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 184-191.
    5. Houck, James P. & Ryan, Mary E., 1972. "Supply Analysis For Corn In The United States: The Impact Of Changing Government Programs," Staff Papers 13554, University of Minnesota, Department of Applied Economics.
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    Citations

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    Cited by:

    1. Hoffman, Linwood A. & Livezey, Janet, 1987. "The U.S. Oats Industry," Agricultural Economic Reports 305462, United States Department of Agriculture, Economic Research Service.
    2. Haley, Stephen L. & Dixit, Praveen M., 1988. "Economic Welfare Analysis: An Application To The Swopsim Modeling Framework," Staff Reports 278002, United States Department of Agriculture, Economic Research Service.
    3. Gardiner, Walter H. & Dixit, Praveen M, 1987. "Price Elasticity of Export Demand: Concepts and Estimates," Foreign Agricultural Economic Report (FAER) 305286, United States Department of Agriculture, Economic Research Service.
    4. Gertel, Karl, 1985. "Differing Effects of Farm Commodity Programs on Land Returns and Land Values," Agricultural Economic Reports 307999, United States Department of Agriculture, Economic Research Service.
    5. Westcott, Paul C. & Hull, David B., 1985. "A Quarterly Forecasting Model for U.S. Agriculture," Technical Bulletins 156815, United States Department of Agriculture, Economic Research Service.
    6. Green, Robert C., 1988. "Wheat Price And Income Support And Acreage Reduction Policy Instruments," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270148, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Zellner, James A., 1985. "Direct Payments And Acreage Reduction: An Estimate Of Program Induced Export Subsidies And Taxes," 1985 Annual Meeting, August 4-7, Ames, Iowa 278618, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Devadoss, S. & Araji, A. A., 1993. "Impacts 0F Breeding And Crop Management Research In Classes Of Wheat On Economic Returns And Exports," A.E. Research Series 305100, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    9. Webb, Shwu-Eng H. & Kuchler, Fred, 1984. "Models For Evaluating Economic Impacts Of Policy Changes: A Comparison," Staff Reports 276832, United States Department of Agriculture, Economic Research Service.
    10. Somwaru, Agapi & Dirkse, Steve, 2012. "Dynamic PEATSim Model: Documenting Its Use in Analyzing Global Commodity Markets," Technical Bulletins 129359, United States Department of Agriculture, Economic Research Service.
    11. Somwaru, Agapi & Dirkse, Steve, 2012. "Dynamic PEATSim Model: Documenting Its Use in Analyzing Global Commodity Markets," Technical Bulletins 129359, United States Department of Agriculture, Economic Research Service.
    12. Langley, James A. & Price, J. Michael, 1985. "Implications of Alternative Moving Average Loan Rates," Agricultural Economic Reports 307994, United States Department of Agriculture, Economic Research Service.
    13. Hoffman, Linwood A. & Sronce, Philip W., 1987. "Oats Imports, The U.S. Market, And Government Programs," Staff Reports 277951, United States Department of Agriculture, Economic Research Service.
    14. Kane, Sally & Reilly, John & Tobey, James, 1990. "An Empirical study of the Economic Effects of Climate Change on World Agriculture," 1990 Annual meeting, August 5-8, Vancouver, Canada 270888, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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