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Farm Level Impacts of a Revenue Based Policy in the 2007 Farm Bill

Author

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  • Higgins, Lindsey M.
  • Richardson, James W.
  • Outlaw, Joe L.
  • Raulston, J. Marc

Abstract

Revenue-based policy alternatives are thought to be a potential component of the 2007 Farm Bill. This research provides an economic analysis of switching to a revenue assurance farm program for representative farms. Specifically, this research provides a monte-carlo stochastic simulation model that compares the effect of a revenue based safety net policy relative to continuing the 2002 Farm Bill policies for different types of U.S. crop farmers. The results show that both revenue assurance proposals by the National Corn Growers Association leave the majority of farmers, especially feed grain producers, with higher total receipts and higher government payments.

Suggested Citation

  • Higgins, Lindsey M. & Richardson, James W. & Outlaw, Joe L. & Raulston, J. Marc, 2007. "Farm Level Impacts of a Revenue Based Policy in the 2007 Farm Bill," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9957, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea07:9957
    DOI: 10.22004/ag.econ.9957
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    Cited by:

    1. Flanders, Archie & Smith, Nathan & Fonsah, Esendugue & McKissick, John C., 2009. "Simulation Analysis of Double-Cropping Vegetables and Field Crops," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2009, pages 1-10.

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    Keywords

    Agricultural and Food Policy;

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