The Impact of Rising Energy Costs on Representative Farms

J. Marc Raulston, George M. Knapek, James W. Richardson (), Joe L. Outlaw and Henry L. Bryant

No 42108, Briefing Series from Texas A&M University, Agricultural and Food Policy Center

Abstract: Recent increases in natural gas and fossil fuel based energy sources have had a negative impact on the financial condition of agricultural producers across the nation. • In addition to higher fuel costs for trucks, equipment, and irrigation motors, the cost of nitrogen fertilizer is closely linked to energy prices and has also increased significantly. • This study quantifies the impacts of these increases on the economic viability of representative farms located throughout the United States for the years 2005 and 2006.

Keywords: Crop Production/Industries (search for similar items in EconPapers)
Date: 2005-10
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