Impact of Macroeconomic Policy on U.S. Cotton Producers

J.B. Penson, D.W. Hughes, and R.A. Babula


 
ABSTRACT

Many cotton producers, like other farmers, are currently experiencing severe financial stress. A contributing factor to deteriorating financial conditions in agriculture is the choice of macroeconomic policies followed in recent years. This paper illustrates how specific: combinations of monetary and fiscal policy affect the financial condition and performance of producers of cotton and other raw food and fiber products. Of the four policy combinations examined, the combination of lower budget deficits and a moderate monetary policy coffers the best hope for improving financial conditions of cotton producers.



Reprinted from 1986 Proceedings: Beltwide Cotton Production Research Conferences pp. 265 - 269
©National Cotton Council, Memphis TN

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Document last modified Sunday, Dec 6 1998