The New Global Environment: 1996–2004

Stephanie A. Mercier and Steve A. Halbrook ()
Additional contact information
Stephanie A. Mercier: Farm Journal Foundation
Steve A. Halbrook: University of Arkansas at Fayetteville

Chapter Chapter 16 in Agricultural Policy of the United States, 2020, pp 253-279 from Palgrave Macmillan

Abstract: Abstract During the period of 1996–2004 discussed in this chapter, agricultural trade policy began to play a more significant role in creating overseas demand for US products. The Federal Agriculture Improvement and Reform (FAIR) Act, enacted in 1996, dismantled much of the existing domestic farm safety net, eliminating acreage reduction requirements, target prices, deficiency payments, and the Farmer Owned Reserve, replaced with fixed direct payments not linked to current production. A portion of farm payments were relinked to production in the 2002 farm bill after the Asian financial crisis of the late 1990s weakened export demand and depressed commodity prices.

Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psachp:978-3-030-36452-6_16

Ordering information: This item can be ordered from
http://www.palgrave.com/9783030364526

DOI: 10.1007/978-3-030-36452-6_16

Access Statistics for this chapter

More chapters in Palgrave Studies in Agricultural Economics and Food Policy from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().