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The Economics Of The Base And Yield Update Decision

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  • McCorkle, Dean A.
  • Outlaw, Joe L.
  • Knapek, George M.
  • Klose, Steven L.
  • Sartwelle, James D., III

Abstract

The 2002 Farm Bill provided the one time opportunity to update base acres and counter-cyclical payment yields to more closely reflect their current crops, rotations and yield levels. This paper discusses the available options and provides case study examples to illustrate the complexity of this decision.

Suggested Citation

  • McCorkle, Dean A. & Outlaw, Joe L. & Knapek, George M. & Klose, Steven L. & Sartwelle, James D., III, 2003. "The Economics Of The Base And Yield Update Decision," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35235, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeatm:35235
    DOI: 10.22004/ag.econ.35235
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    File URL: https://ageconsearch.umn.edu/record/35235/files/sp03mc04.pdf
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    References listed on IDEAS

    as
    1. Richardson, James W. & Outlaw, Joe L. & Anderson, David P. & Sartwelle, James D., III & Feldman, Paul A. & Schumann, Keith D. & Klose, Steven L. & Schwart, Robert B., Jr. & Zimmel, Peter & Womack, Abn, 2002. "Representative Farms Economic Outlook for the July 2002 FAPRI/AFPC Baseline," Working Papers 42713, Texas A&M University, Agricultural and Food Policy Center.
    2. Anderson, David P. & Richardson, James W. & Smith, Edward G., 2001. "Post-Freedom to Farm Shifts in Regional Production Patterns," Working Papers 42777, Texas A&M University, Agricultural and Food Policy Center.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Agricultural and Food Policy;

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