Exploring Options for a New Farm Bill

Gary M. Adams and James Richardson ()

Journal of Agricultural and Applied Economics, 2001, vol. 33, issue 2, 261-270

Abstract: Three farm programs to increase support by $6 billion per year are analyzed. Higher marketing loan (ML), higher AMTA payments, and Modified Supplemental Income (SIP) program are evaluated at the sector and farm levels. At the sector level impacts on supply, demand, and price are modest with acreage shifts of less than two million acres. At the farm level SIP was preferred by cotton farms and higher ML was preferred by farms producing soybeans. Higher AMTA payments were preferred by 3 of 11 farms. Overall, SIP was ranked first or second by 10 of 11 representative farms.

Date: 2001
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Journal Article: EXPLORING OPTIONS FOR A NEW FARM BILL (2001)
Working Paper: Exploring Options for a New Farm Bill (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:33:y:2001:i:02:p:261-270_00

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