The Next Generation Of U.S. Farm Policies

Neil Harl, Dennis Starleaf, Bob Wisner, Gene Futrell, Charles Gratto, Arnold Paulsen, C. Phillip Baumel, Earl Heady, John Miranowski and Michael Boehlje

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: Clearly U.S. agriculture has excess capacity. U.S. consumption plus foreign sales were 5-10% less than production in 1981 and 82. Except for massive and expensive supply control, 1983 production would similarly exceed the weak current demand. Stocks of corn and rice at the end of the current marketing year will be about 50% of this year's utilization. For wheat and cotton the carryover into next year will be about 70% of this years' disappearance...

Date: 1983-06-01
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