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Incorporating the 1990 Farm Bill into Farm-Level Decision Models: An Application to Cotton Farms: Comment

Published online by Cambridge University Press:  28 April 2015

Hayri Önal  and
James D. Monke
Hayri Önal
Affiliation:
Department of Agricultural Economics, University of Illinois at Urbana-Champaign
James D. Monke
Affiliation:
Department of Agricultural Economics, University of Illinois at Urbana-Champaign Department of Economics and Finance, University of Wyoming
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Extract

The 1990 Farm Bill introduced planting flexibility options while at the same time imposing slightly different program participation provisions from those of the previous farm bill. An article published by Duffy, Cain, and Young (1993) in this journal presents a methodology to model farm-level decision making and program participation. Their model does not truly represent the set-aside and flex requirements when compared to actual program provisions. This comment addresses those shortcomings and proposes appropriate modifications to the model.

Type
Comments and Replies
Information
Journal of Agricultural and Applied Economics , Volume 28 , Issue 1 , July 1996 , pp. 211 - 213
Copyright
Copyright © Southern Agricultural Economics Association 1996

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References

Duffy, P. A., Cain, D. L., and Young, G. J.. “Incorporating the 1990 Farm Bill into Farm-Level Decision Models: An Application to Cotton Farms” J. Agr. and Appi. Econ. 25(December 1993): 119–33.Google Scholar
Monke, J. D. “Farmer Participation in Government Commodity Programs: A Multiyear Risk-Management Analysis.” Unpublished Ph.D. dissertation, University of Illinois, August 1995.Google Scholar
Perry, G. M., McCarl, B. A., Rister, M. E., and Richardson, J. W.. “Modeling Government Program Participation Decisions at the Farm Level” Amer. J. Agr. Econ. 71(November 1989):1011–20.Google Scholar