FLIPSIMFirm Level Income and Policy Simulator Model
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This is accomplished through the use of projected prices, input costs and policy parameters from the FAPRI-MU annual baseline and incorporating historical risk components from AFPC's FLIPSIM whole farm simulation model.
Farm and ranch financial statements are generated using FLIPSIM from AFPC and price, yield and cost data from FAPRI-MU for the 2010 to 2014 simulation.
An adjustment to FLIPSIM was provided by AFPC to allow for the establishment of new debt in any year for major capital changes.