UACES Facebook Dec. 2017 Baseline Projects of Economic Viability for Crop, Dairy, and Beef Cattle
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Bobby Coats
Professor - Economics

University of Arkansas System Division of Agriculture
Department of Agricultural Economics and Agribusiness

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Mary Poling
Coordinator of Interactive Communications

University of Arkansas System Division of Agriculture
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Dec. 2017 Baseline Projects of Economic Viability for Crop, Dairy, and Beef Cattle

by Bobby Coats - January 18, 2018

Professor Richardson discussed their “Baseline Outlook” for the cash-flow and equity position for 90 representative farms the Agricultural and Food Policy Center (AFPC) maintains.  Price and inflation rate projections used in the analysis come from the December Baseline developed by FAPRI. The data for the representative farms comes from interviews with panels of farmers in major production regions across the United States.  The outlook for the farms’ cash-flows is presented in terms of the probability that the farms will have a positive cash-flow after paying all cash expenses, machinery replacement, principal payments, taxes and family living expenses.


Dr. James Richardson, Co-Director of the Agricultural and Food Policy Center, Texas A&M AgriLife Senior Faculty Fellow &  Senior Regents Professor in the Department of Agricultural Economics at Texas A&M University Bio Photo
Dr. James W. Richardson received his Ph.D. in Agricultural Economics at Oklahoma State University in 1978 and joined the Texas A&M Department of Agricultural Economics in 1978 where he teaches risk analysis and conducts research on farm policy, risk analysis, and the economic feasibility of alternative feedstocks for renewable fuels.  He is best known for his farm level policy analysis research that is used by Congress to compare the impacts of alternative farm program options and for his work in simulation modeling. 
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