The Incidence and Implications of Binding Farm Program Payment Limits
AbstractPayment limits have played an important role in U.S. farm policy deliberations for the last 30 years. Current limits are largely non-binding because of the use of commodity certificates and the difficulties associated with tracing payments to individuals. Proposals to limit payments have played an important role in deliberations over the 2007 Farm Bill. An amendment to the Senate version of the legislation would significantly strengthen and enforce limits on payments. We use farm-level data on production, ex-post realizations of payments, and reported base yields and acreage to consider the potential impacts of payment limits. Our results suggest that rice, peanuts, and cotton would be the only crops to realize substantial impacts from the limits currently under discussion. However, even for these commodities, the likely proportion of growers and total acreage subject to the limits would be relatively modest. Copyright 2008, Oxford University Press.
Download InfoIf 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.
Bibliographic InfoArticle provided by Agricultural and Applied Economics Association in its journal Review of Agricultural Economics.
Volume (Year): 30 (2008)
Issue (Month): 3 ()
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Phone: (414) 918-3190
Fax: 01865 267 985
Web page: http://www.aaea.org/
More information through EDIRC
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.