Representative Farms Economic Outlook for the August 2006 FAPRI/AFPC Baseline
Joe Outlaw,
James Richardson (),
Brian K. Herbst,
George M. Knapek,
David Anderson,
Sartwelle, James D.,,
J. Marc Raulston,
Roland J. Fumasi,
Steven Klose and
Peter Zimmel
No 42101, Working Papers from Texas A&M University, Agricultural and Food Policy Center
Abstract:
The Agricultural and Food Policy Center (AFPC) at Texas A&M University develops and maintains data to simulate 100 representative crop, dairy, and livestock operations in major production areas in 28 states. The chief purpose of this analysis is to project those farms’ economic viability by region and commodity for 2006 through 2011. The data necessary to simulate the economic activity of these operations is developed through ongoing cooperation with panels of agricultural producers in each of these states. The Food and Agricultural Policy Research Institute (FAPRI) provided projected prices, policy variables, and input inflation rates in their August 2006 Baseline. Under the August 2006 Baseline, 14 of the 65 crop farms are considered in good liquidity condition (less than a 25 percent chance of negative ending cash in 2011). Ten crop farms have between a 25 percent and a 50 percent likelihood of negative ending cash. The remaining 41 crop farms have greater than a 50 percent chance of negative ending cash. Additionally, 23 of the 65 crop farms are considered in good equity position (less than a 25 percent chance of decreasing real net worth during the study period). Six crop farms have between a 25 percent and 50 percent likelihood of losing real net worth, and 36 crop farms have greater than a 50 percent probability of decreasing real net worth. The following discussion provides an overall evaluation by commodity considering both liquidity and equity measures.
Keywords: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 120
Date: 2006-08
References: Add references at CitEc
Citations:
Downloads: (external link)
https://ageconsearch.umn.edu/record/42101/files/wp06-2%20to%20web.pdf (application/pdf)
Related works:
Working Paper: Representative Farms Economic Outlook for the August 2006 FAPRI/AFPC Baseline (2006) 
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:tamfwp:42101
DOI: 10.22004/ag.econ.42101
Access Statistics for this paper
More papers in Working Papers from Texas A&M University, Agricultural and Food Policy Center Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().