Effects of Government Programs on Corn Production Costs and Returns, 1991 and 1992

William McBride

No 309718, Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: Gross value of production, production costs, and net returns are all higher when the direct effects of Government programs are incorporated into corn cost and return estimates. Government programs raised net returns after cash expenses by $24 per planted acre in 1991. Greater yields and higher deficiency payments in 1992 added nearly $44 to net cash returns. North Central and Plains corn growers are most affected by Government programs since they participate to a much greater extent in the programs than growers in the Southeast and Northeast. Producer participation and annual price and yield conditions have the greatest influence on the extent to which Government programs enhance returns to corn production.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Financial Economics; Production Economics (search for similar items in EconPapers)
Pages: 14
Date: 1994-06
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersab:309718

DOI: 10.22004/ag.econ.309718

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