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Farm Level Incidence of the U.S. Farm Policy Proposal to the WTO

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  • Acmoody, Jacob
  • Balagtas, Joseph Valdes
  • Gray, Allan W.

Abstract

A farm level simulation model is used to analyze the financial impacts of the U.S. proposal to the WTO to reduce farm subsidy payments. The impacts are examined for farms of different sizes, debt positions, and household characteristics. Results indicate that cash flow impacts of the policy change are much greater than net worth impacts.

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File URL: http://purl.umn.edu/21260
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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2006 Annual meeting, July 23-26, Long Beach, CA with number 21260.

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Date of creation: 2006
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Handle: RePEc:ags:aaea06:21260

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Keywords: Agricultural and Food Policy;

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  1. Chad E. Hart & John C. Beghin, 2004. "Rethinking Agricultural Domestic Support under the World Trade Organization," Food and Agricultural Policy Research Institute (FAPRI) Publications 04-bp43, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
  2. Richardson, James W. & Klose, Steven L. & Gray, Allan W., 2000. "An Applied Procedure For Estimating And Simulating Multivariate Empirical (Mve) Probability Distributions In Farm-Level Risk Assessment And Policy Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(02), August.
  3. repec:jaa:jagape:v:32:y:2000:i:2:p:299-315 is not listed on IDEAS
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