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Exploring Options for a New Farm Bill

Published online by Cambridge University Press:  28 April 2015

Gary M. Adams  and
James W. Richardson
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Abstract

Three farm programs to increase support by $6 billion per year are analyzed. Higher marketing loan (ML), higher AMTA payments, and Modified Supplemental Income (SIP) program are evaluated at the sector and farm levels. At the sector level impacts on supply, demand, and price are modest with acreage shifts of less than two million acres. At the farm level SIP was preferred by cotton farms and higher ML was preferred by farms producing soybeans. Higher AMTA payments were preferred by 3 of 11 farms. Overall, SIP was ranked first or second by 10 of 11 representative farms.

Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 33 , Issue 2 , August 2001 , pp. 261 - 270
Copyright
Copyright © Southern Agricultural Economics Association 2001

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