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Soybeans and Peanuts: Background for 1990 Farm Legislation

Author

Listed:
  • Crowder, Brad
  • Davison, Cecil W.
  • Schaub, James D.
  • Wendland, Bruce

Abstract

This report address considerations in the 1990 farm bill debate for soybeans and peanuts, including market conditions, policy proposals, trade agreements, and the interactions between policy and markets for selected commodities. Soybean acreage and production declined in the 1980s, reflecting effects of Federal commodity programs, foreign competition in oilseeds production, and sluggish economic growth in many soybean importing countries. Although soybean prices are supported by a Government loan program, market prices have exceeded the loan rate in recent years. Issues for soybeans in 1990 farm legislation will include the price support level, crop substitution on program crop acreage bases, and a marketing loan for soybeans. Peanut producers in the United States have elected mandatory marketing quotas with a two-tiered price-support program. Peanuts sold within a producer's quota qualify for a higher support price than peanuts sold outside the quota. A major issue for the peanut program in forthcoming legislation is whether to continue the current program or to include peanuts in a general agricultural program with other commodities.

Suggested Citation

  • Crowder, Brad & Davison, Cecil W. & Schaub, James D. & Wendland, Bruce, 1990. "Soybeans and Peanuts: Background for 1990 Farm Legislation," Agricultural Information Bulletins 262074, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersab:262074
    DOI: 10.22004/ag.econ.262074
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    Citations

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    Cited by:

    1. Araji, A. A. & White, F. C., 1993. "The Impact Of Agricultural Research On Exports," A.E. Research Series 305099, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    2. Mercier, Stephanie A. & Gohlke, Brian, 1995. "The Role of Quality in Soybean Import Decisionmaking," Agricultural Economic Reports 308427, United States Department of Agriculture, Economic Research Service.
    3. Bickerton, Thomas W. & Glauber, Joseph W., 1990. "World Oilseed Markets--Government Intervention and Multilateral Policy Reform," Staff Reports 278284, United States Department of Agriculture, Economic Research Service.
    4. Araji, A. A. & White, F. C., 1993. "The Impact Of Agricultural Research On Exports," AE Miscellaneous Working Papers 305176, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    5. Moulay-Benaissa, Samia, 1992. "Agricultural trade liberalization in Morocco: the case of oilseeds sector," ISU General Staff Papers 1992010108000018140, Iowa State University, Department of Economics.
    6. Pollack, Susan L. & Lynch, Lori & [editors], 1991. "Provisions of the Food, Agriculture, Conservation, and Trade Act of 1990," Agricultural Information Bulletins 309577, United States Department of Agriculture, Economic Research Service.
    7. Brooks, Nora L., 1994. "Characteristics and Production Costs of U.S. Peanut Farms, 1991," Agricultural Information Bulletins 309721, United States Department of Agriculture, Economic Research Service.
    8. Levedahl, J. William & Ballenger, Nicole & Harold, Courtney, 1994. "Comparing the Emergency Food Assistance Program and The Food Stamp Program: Recipient Characteristics, Market Effects, and Benefit/Cost Ratios," Agricultural Economic Reports 308290, United States Department of Agriculture, Economic Research Service.
    9. Green, Robert C., 1991. "Program Provisions for Rye, Dry Edible Beans, Oil Crops, Tobacco, Sugar, Honey, Wool, Mohair, Gum Naval Stores, and Dairy Products: A Database for 1961-90," Staff Reports 278865, United States Department of Agriculture, Economic Research Service.

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