The 2007 USDA Farm Bill Proposal: Implications for the U.S. Cotton Industry

Suwen Pan, Mark Welch, Mohamadou L. Fadiga and Samarendu Mohanty

No 53146, Cotton Economics Research Institute CER Series from Texas Tech University, Department of Agricultural and Applied Economics

Abstract: The proposed 2007 farm bill contains fundamental shifts in policy option mainly dictated by a desire to render the U.S. agriculture “more market oriented’ and the programs less costly to the U.S. treasury. The proposal adopts a revenue-based counter cyclical payment while maintaining the current price-based counter cyclical payment scheme. Under the revenue-based system, payment would be triggered when the actual national revenue per acre falls below the national target revenue per acre. The choice is left to producers who will be allowed a one time option to select one of these two schemes.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 13
Date: 2007-12
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ttucer:53146

DOI: 10.22004/ag.econ.53146

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