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Exploring Options For A New Farm Bill

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  • Adams, Gary M.
  • Richardson, James W.

Abstract

Three farm programs to increase support by $6 billion per year are analyzed. Higher marketing loan (ML), higher AMTA payments, and Modified Supplemental Income (SIP) program are evaluated at the sector and farm levels. At the sector level impacts on supply, demand, and price are modest with acreage shifts of less than two million acres. At the farm level SIP was preferred by cotton farms and higher ML was preferred by farms producing soybeans. Higher AMTA payments were preferred by 3 of 11 farms. Overall, SIP was ranked first or second by 10 of 11 representative farms.

Suggested Citation

  • Adams, Gary M. & Richardson, James W., 2001. "Exploring Options For A New Farm Bill," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(2), pages 1-10, August.
    • Handle: RePEc:ags:joaaec:15027
    DOI: 10.22004/ag.econ.15027
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    References listed on IDEAS

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    1. Richardson, James W. & Klose, Steven L. & Gray, Allan W., 2000. "An Applied Procedure For Estimating And Simulating Multivariate Empirical (Mve) Probability Distributions In Farm-Level Risk Assessment And Policy Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(2), pages 1-17, August.
    2. Babcock, Bruce A. & Beghin, John C. & Mohanty, Samarendu & Fuller, Frank H. & Fabiosa, Jacinto F. & Kaus, Phillip J. & Fang, Cheng & Hart, Chad E. & Kovarik, Karen & Womack, Abner W. & Young, Robert E, 2000. "FAPRI 2000 U.S. Agricultural Outlook," FAPRI Staff Reports 32054, Food and Agricultural Policy Research Institute (FAPRI).
    3. repec:ags:joaaec:v:32:y:2000:i:2:p:299-315 is not listed on IDEAS
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    1. Unknown, 2002. "Cimmyt 2000-2001 World Wheat Overview And Outlook: Developing No-Till Packages For Small-Scale Farmers," Facts and Trends/Overview and Outlook 23725, CIMMYT: International Maize and Wheat Improvement Center.
    2. Richardson, James W. & Klose, Steven L. & Smith, Edward G., 2001. "Counter-Cyclical Farm Safety Nets," Policy Issues Papers 42779, Texas A&M University, Agricultural and Food Policy Center.
    3. Schumann, Keith D. & Feldman, Paul A. & Richardson, James W. & Smith, Edward G., 2001. "Comparison of Alternative Safety Net Programs for the 2000 Farm Bill," Working Papers 42781, Texas A&M University, Agricultural and Food Policy Center.
    4. Richardson, James W. & Outlaw, Joe L., 2017. "Npr - The Role Of U. S. Safety Net Programs In Incentivizing Farm Growth: A Simulation Approach," 21st Congress, Edinburgh, Scotland, July 2-7, 2017 345821, International Farm Management Association.

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