Evaluation of Alternative Base Periods for a National Rice Counter Cyclical Payment Program Including Added AMTA

James W. Richardson (), Edward G. Smith and Abner W. Womack

No 42775, Briefing Series from Texas A&M University, Agricultural and Food Policy Center

Abstract: The analysis was completed for one year, namely, 2001 using the FAPRI baseline rice price of $6.29/cwt. as the mean price for 2001. Risk for price and yields was incorporated into the analysis to appropriately replicate the historical variability for these variables. The counter cyclical payment (CCP) payments were calculated based on a national revenue. CCP payments were assumed to be triggered if total planted acre market receipts for rice (national planted acre yield times national season average price) was less than the average national planted acre receipts for a particular base period.

Keywords: Agricultural and Food Policy (search for similar items in EconPapers)
Date: 2001-05
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