The contentious 2002 Farm Bill has been described by many as the most politicized farm legislation in recent history. Many lawmakers concluded that the 1996 Farm Bill was based on flawed assumptions and that U.S. farmers needed a more dependable safety net. Hence, their support for the 2002 Farm Bill, which represents a partial return to agricultural policies existing prior to the 1996 Freedom to Farm Bill. Many crop producers will see enhanced short-run returns under the new legislation. In addition, the new Farm Bill will remove incentives for expanded soybean production relative to corn in the U.S. Politically popular conservation payments increase under the new legislation. However, trading partners have been angered by the legislation. This will sour the atmosphere for agricultural trade liberalization negotiations in the Doha WTO Round, and may trigger additional complaints to be launched against the U.S. under the WTO dispute settlement mechanisms
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by University of Wisconsin-Madison, Department of Agricultural and Applied Economics in its series Marketing and Policy Briefing Papers with number
12740.