THE ECONOMICS OF THE BASE AND YIELD UPDATE DECISION

Dean A. McCorkle, Joe L. Outlaw, George M. Knapek, Steven L. Klose and James D. Sartwelle

No 35235, 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama from Southern Agricultural Economics Association

Abstract: The 2002 Farm Bill provided the one time opportunity to update base acres and counter-cyclical payment yields to more closely reflect their current crops, rotations and yield levels. This paper discusses the available options and provides case study examples to illustrate the complexity of this decision.

Keywords: Agricultural and Food Policy (search for similar items in EconPapers)
Date: 2003
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