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Impact of a 10 Percent Decrease in Planted Acreage of All U.S. Program Crops

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Author Info
Babcock, Bruce A.
Beghin, John
Fuller, Frank H.
Fabiosa, Jacinto
Fang, Cheng
Hart, Chad
Matthey, Holger
De Cara, Stephane
FAPRI Staff, University of Missouri, Columbia

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Abstract

Senator Tom Harkin asked the Food and Agricultural Policy Research Institute (FAPRI) to evaluate a uniform 10 percent reduction in program crop acreage in the United States. Following the request, FAPRI analyzed the effects of this reduction on price, trade, consumption, and production in the eight program-crop markets and all related markets. FAPRI investigated both the domestic and international implications of this reduction in U.S. planted area. In particular, FAPRI analyzed whether a decrease in U.S. production would be accommodated by a decrease in domestic use and inventories and corresponding changes in foreign production, use, and inventories.

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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 1981.

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Date of creation: 22 May 2001
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Handle: RePEc:isu:genres:1981

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
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