Representative Farms Economic Outlook for the August 2005 FAPRI/AFPC Baseline

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dc.creatorRichardson, James W.
dc.creatorOutlaw, Joe L.
dc.creatorAnderson, David P.
dc.creatorKnapek, George M.
dc.creatorRaulston, J. Marc
dc.creatorHerbst, Brian K.
dc.creatorSartwelle, James D., III
dc.creatorSchwart, Robert B., Jr.
dc.creatorSchumann, Keith D.
dc.creatorFeldman, Paul A.
dc.creatorKlose, Steven L.
dc.date2017-04-01T14:43:49Z
dc.date.accessioned2026-07-09T04:30:08Z
dc.descriptionThe farm level economic impacts of the Farm Security and Rural Investment Act of 2002 on representative crop and livestock operations are projected in this report. The analysis was conducted over the 2002-2009 planning horizon using FLIPSIM, AFPC’s whole farm simulation model. Data to simulate farming operations in the nation’s major production regions came from two sources: • Producer panel cooperation to develop economic information to describe and simulate representative crop, livestock, and dairy farms, and • Projected prices, policy variables, and input inflation rates from the Food and Agricultural Policy Research Institute (FAPRI) August 2005 Baseline. The FLIPSIM policy simulation model incorporates the historical risk faced by farmers for prices and production. This report presents the results of the August 2005 Baseline in a risk context using selected simulated probabilities and ranges for annual net cash farm income values. The probability of a farm experiencing negative ending cash reserves and the probability of a farm losing real net worth are included as indicators of the cash flow and equity risks facing farms through the year 2009.
dc.identifierdoi:10.22004/ag.econ.42109
dc.identifierhttps://ageconsearch.umn.edu/record/42109/files/bs-2005-02%20Aug%20Baseline.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/42109
dc.identifier.urihttp://hdl.handle.net/123456789/550851
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/42109
dc.titleRepresentative Farms Economic Outlook for the August 2005 FAPRI/AFPC Baseline
dc.typeText

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