BASE REVENUE PROTECTION AND REVENUE COUNTERCYCLICAL PROGRAMS FOR SOYBEANS IN NORTH DAKOTA

Dwight G. Aakre, Ronald H. Haugen and Andrew L. Swenson

No 7301, Staff Papers from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: The National Corn Growers Association Public Policy Team’s Base Revenue Projection Program (BRP) and the Revenue Countercyclical Program (RCCP) were analyzed. The analysis was done for soybeans using the BRP-RCCP calculator, as developed by the National Corn Growers Association. Three representative counties (Cass, Stutsman and Benson) were chosen in North Dakota. Historic and projected data were used to analyze 2002 to 2010 crop years. A comparison of the BRP-RCCP programs to the current farm program was done. From 2002 to 2005, all counties would have received more payments with the BRP-RCCP program than they would have received under the current farm program. Benson County would benefit the most from this program, receiving $58.56 per acre more during the four years, or $14.64 per year. Cass County would receive $33.35 per acre and Stutsman County would receive $16.20 per acre more during this four-year period.

Keywords: Agricultural Finance; Crop Production/Industries (search for similar items in EconPapers)
Pages: 16
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddsps:7301

DOI: 10.22004/ag.econ.7301

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