 Cotton Production and Farm Income Estimates under Selected Alternative Farm ProgramsP. L. Strickland, W. H. Brown, W. C. McArthur and W. W. Pawson No 307446, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service Abstract: Alternative farm programs for cotton were examined for their effect on acreage and production of cotton and other crops in the Cotton Belt, farm income there, and Government costs. A moderate reduction in the market price of cotton would have little effect on production of cotton or other crops if support payments were made as in 1969. If cotton support payments and marketing quotas were removed, cotton acreage would be reduced 18 to 50 percent below estimates based on a continuation of the 1969 farm program, depending on the price for cotton. Acreage of feed grains, wheat, and soybeans would increase. Government costs would be greatly reduced, but farm income over variable costs would decline 22 to 31 percent. Increasing support payments would increase cotton production. With no production restrictions, and with support payments at 10 to 14 cents per pound on 8 million acres, approximately the same quantity of cotton would be produced as with a continuation of the 1969 program, but at substantially lower Government costs. Keywords: Agricultural and Food Policy; Crop Production/Industries; Production Economics; Research Methods/Statistical Methods (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307446 Access Statistics for this paper More papers in Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC. |
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