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Title: Input-Output Analysis with Public Policy Objectives: A Case Study of the Georgia Cotton Industry
Authors: Flanders, Archie
Smith, Nathan B.
McKissick, John C.
Keywords: economic impact
industry model
multivariate empirical distribution
social welfare analysis
stochastic simulation
Issue Date: 2006
Abstract: Farm bill legislation directed at agricultural commodities contributes to economies of rural areas. This research quantifies the economic impacts of the Georgia cotton industry for the U.S. economy. A cotton industry model with cotton and peanut acreage is utilized with IMPLAN to estimate impacts. The Georgia cotton industry creates 4% more tax revenues for federal, state, and local governments than it receives in commodity support payments. Stochastic simulation analysis indicates that the Georgia cotton industry is not likely to remain viable without government payments.
Identifiers: 0738-8950
Institution/Association: Journal of Agribusiness>Volume 24, Number 2, Fall 2006
Total Pages: 14
From Page: 221
To Page: 234
Collections:Volume 24, Number 2, Fall 2006

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