Panhandle Model Farms: Case Studies of Texas High Plains Agriculture
In an effort to facilitate communication between agricultural producers and their local officials, the Texas AgriLife Extension Services' risk-management specialists and county agricultural agents developed region-specific model farms through the FARM assistance program. Financial and Risk Mana...
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Published in | Journal of Food Distribution Research Vol. 42; no. 1 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
01.03.2011
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Edition | 856 |
Subjects | |
Online Access | Get full text |
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Summary: | In an effort to facilitate communication between agricultural producers and their local officials, the Texas AgriLife Extension Services' risk-management specialists and county agricultural agents developed region-specific model farms through the FARM assistance program. Financial and Risk Management (FARM) Assistance is a highly specialized Extension effort aimed at helping farmers and ranchers with strategic planning and risk management. The program is a computerized decision-support simulation model that uses both farm-level information supplied by participating producers and market price forecasts from the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri. It provides a ten-year financial forecast of the individual farm or ranch. Additional work has focused on identifying the characteristics of successful versus struggling producers. |
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DOI: | 10.22004/ag.econ.139305 |