By Bobby Coats, Agricultural Economist
Join in Thursday, July 19, 2018 at 9:30 a.m. CST to hear from Dr. James Richardson, Co-Director of the Agricultural and Food Policy Center, Texas A&M AgriLife Senior Faculty Fellow, and Senior Regents Professor in the Department of Agricultural Economics at Texas A&M University. He will be discussing the seed cotton decision aid for base and yield updating.
The Bipartisan Budget Act of 2018 included seed cotton as a covered commodity and extended PLC and ARC provisions to seed cotton. The Act authorizes owners of a farm with generic base acres and a recent history of planting covered crops a one-time opportunity to update the farm’s payment yield for seed cotton and generic base acres. Additionally, land owners are now faced with the decision to elect either PLC or ARC. The Texas A&M Agricultural and Food Policy Center has developed a web-based decision aid to help farmers make these decisions. The Webinar will discuss the decisions cotton farmers are facing and how the decision aid will be useful.
About the presenter: Dr. James Richardson received his Ph.D. in agricultural economics at Oklahoma State University in 1978 and joined the Texas A&M Department of Agricultural Economics in 1978 where he teaches risk analysis and conducts research on farm policy, risk analysis, and the economic feasibility of alternative feedstocks for renewable fuels. He is best known for his farm level policy analysis research that is used by Congress to compare the impacts of alternative farm program options and for his work in simulation modeling.