THE EFFECT OF THE 2002 FARM BILL ON CROP ENTERPRISE SELECTION IN THE SOUTHEAST REGION

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A stochastic simulation model is used to generate one thousand cash market prices and yields for corn, soybeans, wheat, cotton, and peanuts. A Target MOTAD model using the stochastic data determined the risk-efficient crop-mix for alternative price and yield expectations. Results suggest increased peanut production in the Southeast region.

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