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Projecting Net Incomes for Texas Crop Producers


Marketed By :  AV Akademikerverlag   Sold By :  Kamal Books International  
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  • Product Description

Revision with unchanged content. Policy changes directly affect profitability for Texas crop producers as govern­ment payments make up a sizeable portion of their net farm income (NFI), but an economic model projecting NFI for Texas crops previously did not exist. Developed in the Agricultural & Food Policy Center at Texas A&M Uni­versity, the Texas crop model estimates state-level price, yields and produc­tion costs to project annual NFI for the state’s corn, cotton, peanut, rice, sorghum, wheat and hay producers. Food & Agricultural Policy Research Institute (FAPRI) projections of U.S. variables are used as input to the model, and stochastic simulation incorporates the risk left unexplained by Ordinary Least Squares equations relating Texas variables to U.S. variables to make the NFI projections stochastic. NFI projections are compared under alternative sets of FAPRI projections to show impacts of production cost and commodity prices changes. Researchers in Risk Analysis, Policy Analysis, or Production Economics will be interested in the methodology used to develop the model, while NFI projections under alterative baseline assumptions will be valuable to agricultural producers, agribusinesses and policy makers.

Product Specifications
SKU :COC45159
AuthorChris Eggerman
Number of Pages104
Publishing Year2012-08-16T00:00:00.000
Edition1 st
Book TypeAgriculture & farming
Country of ManufactureIndia
Product BrandAV Akademikerverlag
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-06-08 00:00:00