An Analysis of the Farmer-Owned Reserve Program, 1977–82

Larry Salathe, J. Michael Price and David E. Banker

American Journal of Agricultural Economics, 1984, vol. 66, issue 1, 1-11

Abstract: An econometric model of the U.S. agricultural sector is utilized to examine the effects of the Farmer-Owned Reserve Program on crop and livestock production and prices, farm income, crop carry-over levels, and government outlays. The program has had a positive impact on commodity prices and farm income but has not significantly reduced the annual variation in commodity prices. It also increased government outlays for agricultural commodity programs, but all of the increase is potentially recoverable. The continued use of the FORP to enhance commodity prices likely will lead to excessive government outlays in the long run.

Date: 1984
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