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Web Delivery of a Monte Carlo Simulation Model: The Base and Yield Analyzer Experience

Published online by Cambridge University Press:  28 April 2015

James W. Richardson  and
Joe L. Outlaw
James W. Richardson
Affiliation:
Department of Agricultural Economics, Texas A&M University College Station, TX 77843
Joe L. Outlaw
Affiliation:
Department of Agricultural Economics, Texas A&M University College Station, TX 77843
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Abstract

The provision for producers to update base acres and payment yields in the 2002 farm bill afforded an opportunity to test whether it was feasible to deliver a complex simulation model directly to producers. A Monte Carlo simulation model for assessing the economic impacts of the alternative base and yield options on individual farms was developed and made available to producers via the World Wide Web. The experiences and challenges from this collaborative extension and research effort are described, as well as the issues educators might consider before delivering complex software to a national audience via the Web.

Keywords

base and yield update2002 farm billMonte Carlo simulationC15D83Q12Q16
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 37 , Issue 2 , August 2005 , pp. 425 - 431
Copyright
Copyright © Southern Agricultural Economics Association 2005

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References

Farm Security and Rural Investment Act of 2002. Congressional Record H1795-1978. Complete text available on the web at http://thomas.loc.gov/cgi-bin/bdquery/z?d107:h.r.02646:.Google Scholar
Richardson, J.W., Klose, S.L., and Gray, A.W.. “An Applied Procedure for Estimating and Simulating Multivariate Empirical (MVE) Probability Distributions in Farm-Level Risk Assessment and Policy Analysis.” Journal of Agricultural and Applied Economics, 32(August 2000):299–315.CrossRefGoogle Scholar
Richardson, J.W., and Nixon, C.J.. “Description of FLIPSIM V: A General Firm Level Policy Simulation Model.” Texas Agricultural Experiment Station, Bulletin B-1528, July 1986.Google Scholar
Richardson, J.W., Outlaw, J.L., and Klose, S.L.. “Base and Yield Update Option Analyzer with CCP Risk.” Texas Agricultural Experiment Station, Texas Agricultural Extension Service, Texas A&M University, Department of Agricultural Economics, Agricultural and Food Policy Center Working Paper 02-6, October 2002.Google Scholar