Analyzing the expansions abilities of mid-sized farms in Texas Southern High Plains

D. D. Beaty, P. Johnson

Research output: Contribution to conferencePaper

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 languageEnglish
Pages286-293
Number of pages8
StatePublished - 1999
EventProceedings of the 1999 Beltwide Cotton Conference - Orlando, United States
Duration: Jan 3 1999Jan 7 1999

Conference

ConferenceProceedings of the 1999 Beltwide Cotton Conference
CountryUnited States
CityOrlando
Period01/3/9901/7/99

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    Beaty, D. D., & Johnson, P. (1999). Analyzing the expansions abilities of mid-sized farms in Texas Southern High Plains. 286-293. Paper presented at Proceedings of the 1999 Beltwide Cotton Conference, Orlando, United States.