Coping with Economic Crisis in Agriculture
Description:... Extract: Texas farmers and ranchers in early 1980 were faced with a severe cost-price squeeze which magnified as the economy moved into a recession and Texas suffered wide-spread drought. By mid season, the number of adjustments producers could make to cope with the crisis were limited; however, in this report agricultural economists discuss some adjustment possibilities in the area of finance, marketing and production economics. In addition, there is a brief discussion of some analytical tools as well as research results and extension programs that may be of assistance in decision-making relating to coping with the economic crisis in agriculture.
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