Impacts of Retaliatory Tariffs on Farm Income and Government Programs

Patrick Westhoff, Tracy Davids and Byung Min Soon

Choices: The Magazine of Food, Farm, and Resource Issues, 2019, vol. 34, issue 4

Abstract: Eliminating retaliatory tariffs would increase U.S. agricultural exports and commodity prices. Considering cross-commodity effects and impacts on production expenses and farm bill programs, the estimated impact on net farm income is about $5 billion in 2020, less than the value of market facilitation program payments in 2018 and 2019.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaeach:301011

DOI: 10.22004/ag.econ.301011

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