Objective of Presentation: 1. Show how to input farm data into the - - PowerPoint PPT Presentation

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Objective of Presentation: 1. Show how to input farm data into the - - PowerPoint PPT Presentation

Feb 08, 2023 268 likes •1.04k views

The National Association of Agricultural and Food Policy (NAAFP) Farm Bill Decision Aid Walkthrough Brad Watkins Professor, Agricultural Economics University of Arkansas, Division of Agriculture Rice Research and Extension Center, Stuttgart,

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The National Association of Agricultural and Food Policy (NAAFP) Farm Bill Decision Aid Walkthrough

Brad Watkins

Professor, Agricultural Economics University of Arkansas, Division of Agriculture Rice Research and Extension Center, Stuttgart, Arkansas (870) 673-2661; kbwatki@uark.edu

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  • 1. Show how to input farm data into the

NAAFP decision aid

  • 2. Show how to run the following decision aid

tools:

a) Yield Update tool b) Base Acre Reallocation and PLC/ARC tool

Objective of Presentation:

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A rice farm growing three crops:

1.Long Grain Rice 2.Irrigated Soybeans 3.Corn

Example Farm:

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Finding the Decision Aid

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Located on the U of A Cooperative Extension Website:

http://www.uaex.edu/farm-ranch/economics- marketing/Farm-Bill/

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http://www.uaex.edu/farm-ranch/economics-marketing/Farm-Bill/

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We will Create a Farm Unit for each crop grown in our Rice Farm Example:

1. Long Grain Rice 2. Irrigated Soybeans 3. Corn

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Creating a Long Grain Rice Farm Unit

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Creating an Irrigated Soybean Farm Unit

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Creating a Corn Farm Unit

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Yield Update Tool

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Base Acre Reallocation and PLC/ARC Decision Aid Tool

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Analyze program

  • ptions using FAPRI

price projections

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Types of Output From the Decision Aid

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Base Acre Reallocation Analysis

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Per Crop Analysis Using “Stoplight” Graph

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Per Crop Analysis Looking at Expected Payments per Year

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Per Crop Analysis Looking at Payment Probabilities per Year

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Looking at Same Program for All Crops, Stoplight Graph

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Looking at Same Program for All Crops, Expected Returns Per Year

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