An Evaluation of the 1981 Farm Program For Crops: Implications for the 1985 Farm Bill

Abner W. Womack, Stanley R. Johnson, William H. Meyers and Robert Young

Journal of Agricultural and Applied Economics, 1984, vol. 16, issue 1, 27-38

Abstract: The cornerstone of the 1977 and 1981 Farm Bills for crops is a buffer stock-supply management program involving the farmer-owned reserve and acreage adjustment instruments. Among the several reasons normally cited for adopting this type program is price and income stability. However, recent swings in commodity prices, net farm income and government program costs have stimulated widespread interest in farm program redesign and modification in 1985.

Date: 1984
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