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Effects of Alternative Farm Programs and Levels of Price Variability on Texas Cotton Farms

Published online by Cambridge University Press:  05 September 2016

Patricia A. Duffy ,
James W. Richardson  and
Edward G. Smith
Patricia A. Duffy
Affiliation:
Department of Agricultural Economics and Rural Sociology, Auburn University
James W. Richardson
Affiliation:
Department of Agricultural Economics, Texas A&M University
Edward G. Smith
Affiliation:
Agricultural and Food Policy Center, Texas A&M University System
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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.

Keywords

farm programsprice variabilitysimulationcotton
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 18 , Issue 2 , December 1986 , pp. 97 - 106
Copyright
Copyright © Southern Agricultural Economics Association 1986

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