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Understanding The Economic Factors Influencing Farm Policy Preferences

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Author Info

  • Coble, Keith H.
  • Knight, Thomas O.
  • Patrick, George F.
  • Baquet, Alan E.

Abstract

A survey conducted in Mississippi, Texas, Indiana, and Nebraska elicited producers' preferences for various farm policy changes. This permitted examination of the diversity of preferences that single-state studies have not allowed. Five policy choices, including deficiency payments, loan programs, crop insurance, export programs, and disaster payments were examined. Logit model results predicting producer preferences for each of the five dichotomous policy choices are reported. Explanatory variables based on expected utility theory such as risk aversion, price and yield variability, and price-yield correlation are significant in various models. Copyright 2002, Oxford University Press.

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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2000 Producer marketing and Risk Management Conference, January 13-14, Orlando, FL with number 19578.

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Date of creation: 2000
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Handle: RePEc:ags:aae08p:19578

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Keywords: Agricultural and Food Policy;

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  1. Orazem, Peter & Otto, Daniel & Edelman, Mark, 1989. "An Analysis of Farmers' Agricultural Policy Preferences," Staff General Research Papers 10967, Iowa State University, Department of Economics.
  2. David A. Hennessy & Bruce A. Babcock & Dermot J. Hayes, 1995. "Budgetary and Resource Allocation Effects of Revenue Assurance," Center for Agricultural and Rural Development (CARD) Publications 95-wp130, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  3. F.G. Scrimgeour & E.C. Pasour, 1996. "A Public Choice Perspective on Agricultural Policy Reform: Implications of the New Zealand Experience," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(2), pages 257-267.
  4. Kastens, Terry L. & Goodwin, Barry K., 1994. "An Analysis Of Farmers' Policy Attitudes And Preferences For Free Trade," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(02), December.
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Cited by:
  1. Peterson, Hikaru Hanawa & Tomek, William G., 2001. "Income-Enhancing And Risk-Reducing Properties Of Marketing Practices," 2001 Annual meeting, August 5-8, Chicago, IL 20613, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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