Food Grains: Background for 1990 Farm Legislation

Chester Young, Nathan W. Childs, Joy L. Harwood and William Lin

No 305762, Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: Wheat and rice are the primary food grains produced in the United States and throughout the world. This report provides domestic and international background information on the wheat and rice industries. The 1985 Food Security Act established target prices, loan rates, and acreage reduction programs for both crops. The export enhancement program enabled wheat exports and, to a much smaller extent, rice exports to expand. The marketing loan program was the primary stimulus for rice exports. The situation for both crops improved markedly in 1990 over the situation in 1985. Stocks are down and prices are up. The task for farm legislation in the 1990's is to continue the performance of the wheat and rice markets while addressing other important issues such as environmental quality and grain quality improvement.

Keywords: Agricultural and Food Policy; Crop Production/Industries; International Relations/Trade (search for similar items in EconPapers)
Pages: 142
Date: 1990-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersab:305762

DOI: 10.22004/ag.econ.305762

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