Can We Save the Traditional Family Farm?

What is a traditional family farm? Is it a family of four living on a farm and supplying all of the labor, capital and management or is it a family corporation with four families supplying all of the capital and management? These types of questions continue to arise in policy debates, as they have for many years. While subject to heated debate and the core of many people’s positions on farm programs the answer is more sociological as it is becoming less and less economically relevant. Whether these types of farms or any other farm sizes should survive is not a question that can be answered by a policy analyst. The job of an analyst is to determine if and under what conditions family farms can survive. To this end, this paper reviews the various definitions of family farms and draws inferences as to the economic and financial survival of these different size farms using the results generated from simulating representative farms.Agricultural and Food Policy,

SOUTHERN FARMERS EXPOSURE TO INCOME RISK UNDER THE 1996 FARM BILL

Arguably, since the 1930s, what farmers produced has been markedly influenced by farm programs. The 1996 farm bill affects farmers in terms of what they produce and their level of risk exposure. This paper investigates the farm level impacts of the 1996 farm bill on the South. Focus group perceptions of risk sources, observed acreage changes, and the farm level impact of increased price risk are evaluated.Agricultural and Food Policy, Agricultural Finance,

Post-Freedom to Farm Shifts in Regional Production Patterns

The FAIR Act of 1996, also known as the Freedom to Farm Act (ACT) dismantled many of the agriculture policy tools in use for the last 25 years. Gone were target prices, deficiency payments, and set asides. In their place were expanded marketing loan programs to effectively include wheat and feed grains and oilseeds in addition to cotton and rice. Full planting flexibility has been popular with farmers who are no longer constrained by base acres. Grain merchants and other volume oriented agribusinesses praise the elimination of set asides. The sharp decline in farm prices for all major program commodities since 1996 has left most farmers questioning the income safety net provisions of the FAIR Act. The flexibility and marketing loan provisions continue to be praised. Farm program changes in the 1996 farm bill rendered methods of crop supply response estimation based on econometric models, using historic data, difficult at best. Yet it can, and has been, hypothesized that the Act resulted in major shifts in regional crop production patterns. This paper draws inferences from changes in acres planted among crops for representative farms in the Texas A&M Agricultural and Food Policy Center’s (AFPC) farm data base. AFPC has maintained longitudinal data for more than three dozen representative crop farms across states, regions, farm size, and type of farm since 1990. The farms were updated in 1999 as to their crop mix changes following the ACT and the crop mix changes observed in the updates are summarized here. United States aggregate production shifts are identified from NASS data. Implications for future potential acreage changes are identified. The commodity focus includes feedgrains, soybeans, wheat, cotton, and rice.Agricultural and Food Policy,

Space Shuttle Orbiter: Countdown

The launch of Space Shuttle into low earth orbit late this year will herald a new era in space transportation. As a transporter and as an experimental platform, the Shuttle will make possible low cost development of space manufacturing processes, products, scientific opportunities, and large scale pub I ic services. And, as the Shuttle becomes operational, its role in the military space mission will gain added importance. Timelines in the completion of each increment of development of the first Orbital Flight Vehicle - successfully achieved to date - becomes increasingly crucial as the scheduled launch date approaches. Concurrent with the testing and final- Ization of this vehicle f s software and hardware construction are the preliminary developmental stages of future Shuttle Orbiters. The status of each Shuttle Orbiter is - and will continue to be - of particular interest as the Space Shuttle becomes the key In the operation of the space transportation system\u27

A FARM-LEVEL LOOK AT THE FUTURE OF AMERICAN AGRICULTURE

Relatively low crop prices over the past two years, as well as regional weather adversity, has been the catalyst for the passage of "ad hoc" emergency relief. This paper examines the economic and financial status of 41 representative panel farms over the 1999-2002 period. When forecasting through the life of the 1996 Farm Bill, the representative crop farms are assessed by Texas A&M's Agricultural and Food Policy Center to be in the weakest condition observed over the last decade for liquidity and the related need to refinance.agricultural policy, farm profitability, liquidity, Agricultural and Food Policy, Agricultural Finance,

The Economic Impact of Land Purchases to Meet Buffer Zone Requirements on Representative Texas Dairies

Agribusiness, Agricultural and Food Policy, Livestock Production/Industries,

Policy Goals and the Design of Farm Programs: An Evaluation of FAIR

Evaluating the performance of our current farm programs initially requires a specification of policy goals. In performing this exercise, we conclude that the goals have changed, much like the policies have changed. We then evaluate whether the current set of policies will fulfill the goals in a politically acceptable manner. It is concluded that this is questionable, at least in the short run. Moreover, it is concluded that, regardless of what is done in policy terms, the farm structure will continue to undergo dramatic change. Policies will affect the rate of change in structure, but not the direction which will continue toward fewer but larger integrated farms.Agricultural and Food Policy,

How to realise a homogeneous dipolar Bose gas in the roton regime

Homogeneous quantum gases open up new possibilities for studying many-body phenomena and have now been realised for a variety of systems. For gases with short-range interactions the way to make the cloud homogeneous is, predictably, to trap it in an ideal (homogeneous) box potential. We show that creating a close to homogeneous dipolar gas in the roton regime, when long-range interactions are important, actually requires trapping particles in soft-walled (inhomogeneous) box-like potentials. In particular, we numerically explore a dipolar gas confined in a pancake trap which is harmonic along the polarisation axis and a cylindrically symmetric power-law potential $r^p$ radially. We find that intermediate $p$'s maximise the proportion of the sample that can be brought close to the critical density required to reach the roton regime, whereas higher $p$'s trigger density oscillations near the wall even when the bulk of the system is not in the roton regime. We characterise how the optimum density distribution depends on the shape of the trapping potential and find it is controlled by the trap wall steepness.Comment: 7 pages, 3 figure