Work

Producer's Preference for a Cotton Farmer Owned Reserve: an Application of Simulation and Stochastic Dominance

Year: 1982

Type: article

Abstract: The benefits to a typical High Plains cotton farmer from a cotton farmer owned reserve were estimated using a firm-level, income tax and farm policy simulation model. Eighteen farm programs were simulated including twelve variations of a farmer owned reserve using different entry prices and trigger prices. The after-tax net present value distributions for the different farm programs were compared using stochastic dominance. The results indicate that risk averse cotton producers should prefer the 1977 farm program to either a cotton farmer owned reserve or the farm program proposed by Secretary of Agriculture Block.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.32421

Authors: Richardson, James W., Nixon, Clair J.

Language: English

Topic: Agricultural economics and policies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDGs: Zero hunger, No poverty

Open Access status: green

OpenAlex ID: W1566209208

FWCI: 11.33

Cites: 4

Cited by: 19

Related to: 10