the national association of agricultural and food policy ... · “stoplight” graph. per crop...

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

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:

A rice farm growing three crops:

1. Long Grain Rice

2. Irrigated Soybeans

3. Corn

Example Farm:

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