Less U.S. Government Intervention in Corn and Soybean Markets: An Analysis of Program Alternatives

Marshall A. Martin and Mark A. Edelman

No 279396, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Corn and soybean markets were analyzed with a multi-period, stochastic simulation model. Elimination of current farm program provisions (deficiency payments, farmer-owned reserves, and CCC operations) increased price levels and variation but substantially reduced Treasury costs. Elimination of deficiency payments reduced Treasury costs by one-third but did not affect price behavior.

Keywords: Political; Economy (search for similar items in EconPapers)
Pages: 13
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279396

DOI: 10.22004/ag.econ.279396

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