Impact of the FARM 21 Proposal on Representative Crops, Dairy and Beef Cattle Farms

Joe Outlaw, James Richardson (), J. Marc Raulston, George M. Knapek and Brian K. Herbst

No 37987, Briefing Series from Texas A&M University, Agricultural and Food Policy Center

Abstract: The Food & Agriculture Risk Management for the 21st Century Act (FARM 21) formally introduced June 13th by U.S. Representatives Ron Kind (D-WI), Jeff Flake (R-AZ), Joe Crowley (D-NY), and David Reichert (R-WA), would significantly change most of U.S. agricultural policy. The proposed changes are wide ranging from commodity programs to energy, conservation, and food and nutrition programs. Given the breadth of the changes, it is important to have some indication of the impacts on producers if this proposal were to be adopted. While FARM 21 has a broad set of priorities that support would be directed to, this report focuses on the proposed changes to the producer safety net programs contained in Title I -- direct payments (DPs), counter-cyclical payments (CCPs), and loan deficiency payments (LDPs)/marketing loan gains (MLGs). These programs would be transitioned to farmer held “risk management accounts” (RMAs).

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 16
Date: 2007-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:tamfbs:37987

DOI: 10.22004/ag.econ.37987

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