Farm Level Impacts of a Revenue Based Policy in the 2007 Farm Bill

Lindsey M. Higgins, James Richardson (), Joe Outlaw and J. Marc Raulston

No 9957, 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Revenue-based policy alternatives are thought to be a potential component of the 2007 Farm Bill. This research provides an economic analysis of switching to a revenue assurance farm program for representative farms. Specifically, this research provides a monte-carlo stochastic simulation model that compares the effect of a revenue based safety net policy relative to continuing the 2002 Farm Bill policies for different types of U.S. crop farmers. The results show that both revenue assurance proposals by the National Corn Growers Association leave the majority of farmers, especially feed grain producers, with higher total receipts and higher government payments.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 20
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea07:9957

DOI: 10.22004/ag.econ.9957

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