A Typical Farm Series: Development and Application to a Mississippi Delta Farm

Abstract

Economic analyses of typical farms are often useful in applied agricultural research, because agricultural policymakers and analysts have a particular need for information on policy impacts and indicators of well-being at the farm level.

Typical Farm Theory in Agricultural Research

“…The farm financial crisis of the early 1980's created a need for more farm level research. Hatch et al (1982) continued the typical farm research bcgun earlier by Strickland and Fawcett. They used census data to create a set of 20 typical farms for the U.S. to be used in evaluations of agricultural policy at the farm level.…”

Land prices: changes and variability: the effect on Iowa grain farms

“…Antle's effo rt s a r e limited t o production risk but can be generalized f o r all types of risk including financial risk Baum and Harrington ( 1983). andHatch et al (1982) examine the USDA ' s typical farm serLes Ln whi c h the USDA has developed 20 typical farms based on location and production characteristics. Farm c haracteri stics were dete rm ined by survey and from this the effects of different economic situations and political policies can be estimated for these average farms .…”