IMPACTS OF FEDERAL SUPPORT PROGRAMS FOR SUGAR AND PEANUTS COMPARED TO CORN AND WHEAT ON U.S. AND WORLD MARKETS

Samarendu Mohanty, John Beghin () and Phillip J. Kaus

No 20610, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study examines the impacts of federal support programs for sugar, peanuts, corn and wheat on U.S. and world markets, using a multi-country, multi-commodity, partial equilibrium world agricultural model. A five-year baseline projection is developed assuming past policy will continue. Four policy reform scenarios are then conducted. Each scenario considers the removal of federal programs such as loan rate, loan deficiency payments and other trade restrictions for each commodity (sugar, peanuts, corn and wheat). A fifth, and last, scenario looks at the impact of jointly eliminating the wheat and corn support programs. Federal programs appear to have the maximum impacts on the sugar market, followed by the peanut market. As compared to sugar and peanuts, wheat and corn markets appear to be the least affected by federal support programs.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 25
Date: 2001
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20610

DOI: 10.22004/ag.econ.20610

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