FARM SIZE EVALUATION IN THE EL-PASO VALLEY - A SURVIVAL-SUCCESS APPROACH

abstract

• Policy makers and agricultural economists U.S have long been interested in the effects of size on farm survival and success. Most studies have concentrated on economic efficiency and have failed to incorporate the effects of uncertainty, time, income taxes, financial considerations, and variation in year-to-year net cash flows on the survival/success of different size farms. A dynamic Monte-Carlo simulation-programming model was developed and used to analyze the projected survival/success of 4 alternative farm sizes for the El Paso Valley. For these farms the projected chances of survival and success increase as farm size increases from 160 to 960 acres and/or beginning equity level increases from 25% to 100%. -Authors

authors

• Richardson, James

published proceedings

• AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS

author list (cited authors)

• RICHARDSON, J. W., & CONDRA, G. D.

citation count

• 26

complete list of authors

• RICHARDSON, JW||CONDRA, GD

publication date

• August 1981

publisher

• Wiley  Publisher

published in

• American Journal of Agricultural Economics  Journal

Digital Object Identifier (DOI)

• 10.2307/1240533

start page

• 430

end page

• 437

volume

• 63

issue

• 3

URL

• http%3A%2F%2Fdx.doi.org%2F10.2307%2F1240533