The Administration has proposed revising the AGI means test for eligibility to farm program payments. The 2002 farm bill excludes producers from farm program payments (CCP, DP, and MLG/LDP) if their average adjusted gross income (AGI) for three preceding years exceeds $2.5 million and less than...

A Monte Carlo simulation model was constructed to analyze the economic feasibility of growing algae as a renewable fuel source. Increasing growth rates, pond water depth, oil content, and facility size are important for ensuring the economic viability of a commercial algae facility.

We estimate the effect of lifting the fruit and vegetable cropping restriction on cropping preference in the Lower Rio Grande Valley, using a stochastic simulation model and Stochastic Efficiency analysis. Results suggest that, based on risk-adjusted net returns, lifting the cropping restriction...

In anticipation of the new farm bill, seventeen representative rice farms from six different rice-producing states have been analyzed to compare the continuation of the FAIR Act provisions with the House proposal, H.R. 2646. Each farm was simulated assuming each policy would be in place for the...

The Base and Yield Update Option Analyzer (BYA) is a decision support tool for analyzing the economic consequences of the Base Acre and Payment Yield update options in the 2002 farm bill. The BYA is provided by Texas A&M University for educational purposes and is not intended to replace or...

Under the January 2007 Baseline, 20 of the 64 crop farms are considered in good liquidity condition (less than a 25 percent chance of negative ending cash in 2012). Five crop farms have between a 25 percent and a 50 percent likelihood of negative ending cash. The remaining 39 crop farms have...

Contrary to developments in other parts of the world, South Africa has not developed a bio-ethanol industry. The objective was to quantify the risks and economic viability of a wheat based bio-ethanol plant in the winter rainfall region of South Africa. Monte Carlo simulation of a bio-ethanol...

This report is a companion to FAPRI-UMC Report #09-06, which contains the sector level results of the wheat policy options requested by Senators Crapo and Baucus, and Representatives Musgrave and Pomeroy. The Agricultural and Food Policy Center (AFPC) has completed a farm level analysis of five...