Abstract
Expansion may be a viable alternative to mid-sized farms facing increased uncertainty from the elimination of traditional farm program payments. Financial and production results from 1995-1997 are analyzed for two mid-sized farmers on the Texas Southern High Plains, and each producer's expansion ability is discussed. Results from 1995 and 1996 indicated that Farmer 1 was in a strong financial and efficiency position and could expand, while expansion was not recommended for Farmer 2 due to higher costs and lower revenues. Although both producers expanded efficiently in 1997, Farmer 1 remained in a much more desirable long-run economic condition than Farmer 2.
Original language | English |
---|---|
Pages | 286-293 |
Number of pages | 8 |
State | Published - 1999 |
Event | Proceedings of the 1999 Beltwide Cotton Conference - Orlando, United States Duration: Jan 3 1999 → Jan 7 1999 |
Conference
Conference | Proceedings of the 1999 Beltwide Cotton Conference |
---|---|
Country/Territory | United States |
City | Orlando |
Period | 01/3/99 → 01/7/99 |