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Abstract
Farm bill legislation directed at agricultural commodities contributes to economies
of rural areas. This research quantifies the economic impacts of the Georgia cotton
industry for the U.S. economy. A cotton industry model with cotton and peanut
acreage is utilized with IMPLAN to estimate impacts. The Georgia cotton industry
creates 4% more tax revenues for federal, state, and local governments than it
receives in commodity support payments. Stochastic simulation analysis indicates
that the Georgia cotton industry is not likely to remain viable without government
payments.