Farm Level Effects of Counter-Cyclical Payments

Shiva S. Makki, D. Demcey Johnson and Agapi Somwaru

No 19508, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The paper analyzes the role of counter-cyclical (CC) payments in stabilizing farm incomes and investigates whether the payments could affect farmers planting decisions. Our analysis, based on representative farmer approach, finds that CC payments provide a relatively modest enhancement to farm welfare. However, much depends on market price conditions, which change from year to year, and on base acreage (which is determined by planting history). The paper finds little evidence of interaction between revenue insurance and CC payments.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 22
Date: 2005
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea05:19508

DOI: 10.22004/ag.econ.19508

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