Hostname: page-component-7479d7b7d-wxhwt Total loading time: 0 Render date: 2024-07-11T05:31:38.287Z Has data issue: false hasContentIssue false
  • English
  • Français

Economic Survivability of Mississippi Rice Farms: A Deterministic Simulation Approach

Published online by Cambridge University Press:  05 September 2016

Michael E. Salassi ,
Bobby R. Eddleman  and
James G. Hamill
Michael E. Salassi
Affiliation:
National Economics Division, Economic Research Service, USDA
Bobby R. Eddleman
Affiliation:
Texas A&M University Agricultural Research and Extension Center, Corpus Christi, Texas
James G. Hamill
Affiliation:
Department of Agricultural Economics, Mississippi State University
Get access Rights & Permissions [Opens in a new window]

Abstract

This study evaluates the economic survivability of rice farms in the Delta area of Mississippi. A general whole-farm simulation model, FLIPSIM V, is used to simulate the operations of representative rice farms over a 10-year period. Although farm size did not change for any of the representative farms considered, the financial structure of these farms changed considerably. Crop mix was found to cause significant differences in the economic growth and financial viability of rice farms in the region.

Keywords

ricerepresentative farmeconomic growthwhole-farm simulation
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 19 , Issue 2 , December 1987 , pp. 163 - 173
Copyright
Copyright © Southern Agricultural Economics Association 1987

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Barlett, P. F. “Microdynamics of Debt, Drought, and Default in South Georgia.” Amer. J. Agr. Econ., 66(1984):836–843.CrossRefGoogle Scholar
Barry, P. J., and Lee, W. F.. “Financial Stress in Agriculture: Implications for Agricultural Lenders.” Amer. J. Agr. Econ., 65(1983):945–952.Google Scholar
Boehlje, M., and Eidman, V.. “Financial Stress in Agriculture: Implications for Producers.” Amer. J. Agr. Econ., 65(1983):937–944.CrossRefGoogle Scholar
Boykin, B. S. “Economic Analysis of Double-Cropped Soybeans and Wheat in the Delta Area of Mississippi.” M. S. thesis, Mississippi State University, 1983.Google Scholar
Brake, J.R..“Financial Crisis in Agriculture: Discussion.” Amer. J. Agr. Econ., 65(1983):953–954.Google Scholar
Cooke, F. T. Jr, Hurt, V. G., Sartor, J. Jr, and Williams, R. L.. Estimated Costs and Returns, Crops, Delta Area of Mississippi, 1984. Mississippi State University, Ag. Econ. Rep. No. 14, January, 1984.Google Scholar
Eddleman, B. R., Parvin, D. W. Jr, Hamill, J. G., and Cooke, F. T. Jr. Evaluation of Investment in Rice-Soybean Rotations in the Delta of Mississippi. Mississippi Agricultural and Forestry Experiment Station, Mississippi State University, Bulletin No. 522, April, 1976.Google Scholar
Grant, W. R., and Holder, S. H. Jr. “Recent Changes and the Potential for U.S. Rice Acreage.” Rice Situation, October, 1975:10–14.Google Scholar
Hamill, J. G., and Lin, Y. N.. “Rice-Soybean Rotations in the Delta Area of Mississippi.” Proceedings—Nineteenth Rice Technical Working Group, 1982:35–36.Google Scholar
Holder, S. H. Jr, Ghett, J. L., and Looney, Z. M.. Costs of Building and Operating Rice Drying and Storage Facilities in the South. U.S. Dept. Agr., Economic Research Service, MMR No. 1011, September, 1973.Google Scholar
Holder, S. H. Jr, Cooke, F. T. Jr, Hamill, J. G., and Parvin, D. W. Jr. “Factors Affecting Costs and Returns of Rice Soybean Farms in the Delta of Mississippi.” MAFES Research Report, 1, 11 (1975).Google Scholar
Holder, S. H. Jr, and Grant, W. R., U.S. Rice Industry. U.S. Dept. Agr., Econ. Stat. Coop. Ser., Ag. Econ. Report No. 433, August, 1979.Google Scholar
Holder, S. H. Jr, Johnson, R., and Wailes, E.. “Costs of On-Farm Rice Drying and Storage Facilities, 1981.” Arkansas Farm Research, 30, 2(1981):8.Google Scholar
Levins, R. A., Parvin, D. W. Jr, and Cooke, F. T. Jr. “Economic Potential for Increased Rice Production in the Delta of Mississippi.” Proceedings—Eighteenth Rice Technical Working Group, 1980:46–47.Google Scholar
Malone, G. W., Holder, S. H. Jr, and Parvin, D. W. Jr. “The Economics of On-Farm Rice Drying-Storage Facilities, Mississippi, 1978.” MAFES Research Report, 4,7(1978).Google Scholar
Mullins, T., Grant, W. R., Campbell, J. R., Gerlow, A., Bonnen, C. A., and Welsch, D.. Resource Use Adjustment in Southern Rice Areas; Part I, Effects of Price Changes with Unrestricted Rice Acreages. So. Coop. Ser., Bull. No. 122, June, 1967.Google Scholar
Mullins, T., Hottell, J. B., Campbell, J. R., Gerlow, A. R., Grant, W. R., and Welsch, D.. Resource Use Adjustments in Southern Rice Areas; Part II, Effects of Price Changes with Selected Rice Allotment Levels. So. Coop. Ser., Bull. No. 131, May, 1968.Google Scholar
Mullins, T., Grant, W. R., and Holder, S. H. Jr. Estimated Costs and Returns for Rice, 1975, 1976 and 1977 Seasons with Projections for 1978, Major Producing Areas. U.S. Dept. Agr., Econ. Stat. Coop. Ser., SB-613, October 1978.Google Scholar
Richardson, J. W., and Nixon, C. J.. Description of FLIPSIM V: A General Firm Level Policy Simulation Model. Texas A&M University, 1985.Google Scholar
Salassi, M. E., and Musick, J. A.. An Economic Analysis of Rice Irrigation Pumping Systems in Louisiana. Louisiana State University, D.A.E. Research Report No. 617, July, 1983.Google Scholar
Traylor, H. D., Miller, B. J., and Hill, L. C.. “The Potential for Rice Production in Northeast Louisiana.” Louisiana Rural Economist, 38, 2(1976):2–5.Google Scholar
U.S. Department of Agriculture. Agriculture Statistics, 1984. U.S. Government Printing Office, Washington, D.C.:408.Google Scholar
U.S. Department of Agriculture. Balance Sheet of the Farming Sector, 1979, Supplement. Econ. Stat. Coop. Ser., U.S. Government Printing Office, Washington, D.C. Ag. Info. Bull. No. 430, February, 1980.Google Scholar
U.S. Department of Agriculture. Crop Production. Crop Reporting Board, Stat. Rep. Ser., U.S. Government Printing Office, Washington, D.C. 1974 through 1985 annual summaries.Google Scholar
U.S. Department of Agriculture. Economic Indicators of the Farm Sector: State Income and Balance Sheet Statistics, 1983. Econ. des. Ser., U.S. Government Printing Office, Washington, D.C. ECIFS 3-4 January, 1985.Google Scholar
U.S. Department of Agriculture. Farm Labor. Crop Reporting Board, Stat. Rep. Ser., U.S. Government Printing Office, Washington, D.C. various issues.Google Scholar
U.S. Department of Commerce. 1979 Farm Finance Survey. Bureau of the Census, unpublished data.Google Scholar
Usman, D.S.. Costs and Returns for On-Farm Rice Drying-Storage Facilities in Mississippi, 1973. M.S. thesis, Mississippi State University, 1973.Google Scholar
Wolfe, L. W. “An Analysis of the Impact of Expanded Rice Acreage on the Current and Future Structure of Mississippi's Rice Industry.” M.S. thesis, Mississippi State University, 1980.Google Scholar