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

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

Objective of Presentation: 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

Example Farm: A rice farm growing three crops: 1.Long Grain Rice 2.Irrigated Soybeans 3.Corn

Finding the Decision Aid 5

Located on the U of A Cooperative Extension Website: http://www.uaex.edu/farm-ranch/economics- marketing/Farm-Bill/

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

We will Create a Farm Unit for each crop grown in our Rice Farm Example: 1. Long Grain Rice 2. Irrigated Soybeans 3. Corn

Creating a Long Grain Rice Farm Unit

Creating an Irrigated Soybean Farm Unit

Creating a Corn Farm Unit

Yield Update Tool

Base Acre Reallocation and PLC/ARC Decision Aid Tool

Analyze program options using FAPRI price projections

Types of Output From the Decision Aid

Base Acre Reallocation Analysis

Per Crop Analysis Using “Stoplight” Graph

Per Crop Analysis Looking at Expected Payments per Year

Per Crop Analysis Looking at Payment Probabilities per Year

Looking at Same Program for All Crops, Stoplight Graph

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