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An Overview of the Decisions and Changes Made in the 2014 Farm Bill

Author

Listed:
  • Paulson, Nicholas D.
  • Schnitkey, Gary D.
  • Coppess, Jonathan
  • Zulauf, Carl

Abstract

Changes to farm program support in the 2014 Farm Bill was driven by budgetary concerns and desire to place more emphasis on risk management. As a result, farmers and landowners in the US were faced with a set of decisions. Landowners were able to update payment yields and reallocate the base acres. Farm operators were given the choice of three different farm programs, with either price-based or revenue-based risk protection. These decisions led to some fairly significant changes in the way federal support will be provided to farmers of program crops. These decisions will impact all current and future landowners, farmers, farm managers, appraisers, and other downstream parties such as lenders and input suppliers.

Suggested Citation

  • Paulson, Nicholas D. & Schnitkey, Gary D. & Coppess, Jonathan & Zulauf, Carl, 2016. "An Overview of the Decisions and Changes Made in the 2014 Farm Bill," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2015, pages 1-14.
  • Handle: RePEc:ags:jasfmr:236664
    DOI: 10.22004/ag.econ.236664
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    References listed on IDEAS

    as
    1. Schnitkey, Gary & Coppess, Jonathan & Paulson, Nick & Zulauf, Carl, 2015. "Perspectives on Commodity Program Choices Under the 2014 Farm Bill," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 5, June.
    2. Coppess, Jonathan & Paulson, Nick, 2014. "Agriculture Risk Coverage and Price Loss Coverage in the 2014 Farm Bill," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 4, February.
    3. Zulauf, Carl & Schnitkey, Gary & Coppess, Jonathan & Paulson, Nick, 2015. "2014 Farm Bill Crop Program Election," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 5, June.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Agricultural and Food Policy;

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