Effect of Changing Input Prices on Net Farm Income of Typical Cash Grain, Wheat and Cotton Farms with Alternative Target Prices

W. H. Brown

No 329872, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Excerpts from the report: The Agriculture and Consumer Protection Act of 1973 establishes target prices for feed grain, wheat and cotton. The target price levels for 1974 and 1975 are specified in the Act. For 1976 and 1977 target prices are to be adjusted to reflect changes during the previous calendar year in the index of prices paid by farmers for production items, interest, taxes and wage rates. Target prices are also to be adjusted for changes in yields, using a 3 year moving average. The purpose of this analysis is to estimate the effects of continued changes in prices paid and alternative price specifications on net farm income of selected representative farms. The three farms include an Illinois cash grain farm, a Kansas wheat farm and a Mississippi Delta cotton farm.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Demand and Price Analysis; Production Economics (search for similar items in EconPapers)
Pages: 38
Date: 1974-12
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/329872/files/CEDwpInputPrices.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:329872

DOI: 10.22004/ag.econ.329872

Access Statistics for this paper

More papers in Miscellaneous Publications from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().