COMMODITY PRICES AND RESOURCE USE UNDER VARIOUS ENERGY ALTERNATIVES IN AGRICULTURE
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An interregional, large-scale linear programming model is used to evaluate the economic impact of the energy crisis on U.S. agricultural production. The study examines the changes in crop production under energy minimization, an energy shortage, high energy prices, and high agricultural exports accompanied by high energy prices. Results indicate that reduced supplies or higher prices for energy will have important impacts on commodity prices, irrigated agriculture, and on rural communities.