US Farm Bill 2008: Back to the Future?
Abstract
After years of deliberation, eight temporary extensions of expiring law and two overridden vetoes, the Food, Conservation and Energy Act became law on June 18, 2008, framing the policy environment for US farmers for several years to come. The farm bill was written in a period of lean supplies, soaring demand, increased budget deficits, and intense scrutiny. When the dust settled the bill had five new titles, a new disaster program, and a new option offering an irrevocable choice of the traditional price-based safety net or a new revenue-based program. The latter constituted a new direction for US policy, moving towards more revenue based payments, a move that was resisted by the administration concerned with the implications for the WTO and that disapproved of the changes to the budget that financed the new programs. In the end the desires of the members of Congress trumped the administration's veto. FAPRI-MU's analysis shows that the impact of the 2008 farm bill on agricultural markets will be small. However, the direction of US agricultural policy is likely to put the farm bill at odds with the WTO, especially if there is a new agreement under the Doha round. Copyright (c) 2008 The Authors. Journal compilation (c) The Agricultural Ecomomics Society and the European Association of Agricultural Economists 2008.Download Info
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic Info
Article provided by The Agricultural Economics Society in its journal EuroChoices.
Volume (Year): 7 (2008)
Issue (Month): 3 (December)
Pages: 17-23
Contact details of provider:
Email:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=1478-0917
More information through EDIRC
Order Information:
Web: http://www.blackwellpublishing.com/subs.asp?ref=1478-0917
Related research
Keywords:References
No references listed on IDEASYou can help add them by filling out this form.
Citations
Lists
This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.Statistics
Access and download statisticsCorrections
When requesting a correction, please mention this item's handle: RePEc:bla:eurcho:v:7:y:2008:i:3:p:17-23For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.