Impacts of the Administration's 2007 Farm Bill Proposal on Representative Crops, Dairy and Beef Cattle Farms -- Revised

James Richardson (), Joe Outlaw, George M. Knapek, J. Marc Raulston and David Anderson

No 42082, Briefing Series from Texas A&M University, Agricultural and Food Policy Center

Abstract: For the first time in two decades, the Secretary of Agriculture provided the House and Senate Agriculture Committees a farm bill proposal from the Administration. The Administration’s Proposal is a comprehensive revision of the 2002 farm bill with suggested changes to all titles. Four major proposed changes to Title 1 Commodity Programs are analyzed and reported in this Briefing Paper. The four key policy changes analyzed are: - an increase in direct payment rates, - a reduction in loan rates for most crops, - the replacement of the counter cyclical payment (CCP) program with a counter cyclical revenue (CCR) program, and - a change in eligibility for farm program payments by using $200,000 adjusted gross income (AGI) for a means test. The economic impact of the Administration’s Proposal on the viability of 99 representative crop, dairy, and beef cattle farms is compared to a base situation of continuing the current farm bill through 2012. This report is a companion to FAPRI-UMC Report #11-07 that contains sector level impacts.

Keywords: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 18
Date: 2007-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:tamfbs:42082

DOI: 10.22004/ag.econ.42082

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