Are Loan Deficiency Payments Too Low In Iowa?
AbstractAs part of the Loan Deficiency Payment (LDP) program, when a county's posted county price (PCP) falls below the county's loan rate, the U.S. Department of Agriculture agrees to pay the producer the difference between the two. Because 1998 corn and soybean prices have fallen below the loan rate for the first time, grain farmers will now rely on LDPs for a significant proportion of their income. The authors examine the differences between loan rates for Iowa and surrounding states, and conclude that Iowa farmers would obtain significant income increases by using other states' LDP rates (with the exception of Wisconsin).
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Bibliographic InfoPaper provided by Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number 98-bp20.
Date of creation: Dec 1998
Date of revision:
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- Alexander E. Saak, 2002.
"Location and Marketing under Marketing Assistance Loan and Loan Deficiency Payment Programs,"
Center for Agricultural and Rural Development (CARD) Publications
02-wp297, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Alexander E. Saak, 2002. "Location and Marketing under Marketing Assistance Loan and Loan Deficiency Payment Programs," Food and Agricultural Policy Research Institute (FAPRI) Publications 02-wp297, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
- Parcell, Joseph L., 2000. "The Impact Of The Ldp On Corn And Soybean Basis In Missouri," 2000 Conference, April 17-18 2000, Chicago, Illinois 18932, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
- Parcell, Joseph L., 2002. "Crop Basis Patterns In The Presence Of Spatial Competition And Government Intervention," Working Papers 26043, University of Missouri Columbia, Department of Agricultural Economics.
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