Profitability of Participation in the 1962 Feed Grain Program in the Corn Belt

James Vermeer

No 321792, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Report Introduction: Early in 1962, a study was made of the 1961 Emergency Feed Grain Program to determine factors that affected farmers' decisions regarding participation in the program and to provide information that would be useful in developing and operating future programs. The study, which covered eight areas, provided insight into the operation of the program in selected situations but did not make it possible to measure the effects of tenure or type of farm on participation, or the proportion of the farmers for whom participation was profitable. This study of the 1962 Feed Grain Program in the Corn Belt was initiated to reflect program operations in a much larger region, for which data could be aggregated to represent a larger proportion of the production. The objectives of the study were to obtain more information on the characteristics of farms and farmers in and out of the program, the effect of participation on returns of individual farms, the proportion of farms for which participation would be profitable, changes in farm organization and practices associated with participation, the relation of farms and farmers' characteristics to participation, and farmers' reactions to program modification.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Farm Management; Land Economics/Use; Livestock Production/Industries; Production Economics (search for similar items in EconPapers)
Pages: 28
Date: 1967
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:321792

DOI: 10.22004/ag.econ.321792

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