Domestic Support for the U.S. Rice Sector and the WTO: Implications of the 2002 Farm Act

Linwood Hoffman, Chester Young, Paul Westcott () and Nathan Childs

No 21929, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The U.S. rice sector is expected to receive some of the largest relative support under the 2002 Farm Act. USDA's rice baseline model is used to compute marketing loan benefits, while direct payments and counter-cyclical payments are estimated from endogenous prices and exogenous policy parameters. Alternative scenarios of reduced marketing loan benefits suggest that projected annual average sector revenue could decline by 4 to 27 percent.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 24
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:21929

DOI: 10.22004/ag.econ.21929

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