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Effects of Marketing Loans on U.S. Dry Peas and Lentils: Supply Response and World Trade

William W. Lin and Gary Lucier

No 56454, Economic Research Report from United States Department of Agriculture, Economic Research Service

Abstract: The 2002 Farm Act required USDA to implement marketing loans for the 2002-07 crops of dry peas, lentils, and small chickpeas. This provision led to expanded acreage for dry peas and lentils, crops analyzed in this study. The analysis found that marketing loans played a role in expansion for dry peas in 2003-05 and for lentils in 2003. For dry peas and lentils, marketing loans contributed to acreage expansion in North Dakota and Montana. Simulation model results suggest that marketing loans had negligible impacts on world prices for dry peas and lentils in 2003-05. Impacts on U.S. exports were minor, increasing by about 2 percent in 2003.

Keywords: Agricultural and Food Policy; Crop Production/Industries; International Development; International Relations/Trade; Marketing (search for similar items in EconPapers)
Pages: 35
Date: 2008-06
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersrr:56454

DOI: 10.22004/ag.econ.56454

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