IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v33y2001i02p261-270_00.html
   My bibliography  Save this article

Exploring Options for a New Farm Bill

Author

Listed:
  • 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, Cambridge University Press, vol. 33(2), pages 261-270, August.
    • Handle: RePEc:cup:jagaec:v:33:y:2001:i:02:p:261-270_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S107407080000571X/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    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
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. 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.
    3. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Flanders, Archie & Smith, Nathan & Fonsah, Esendugue & McKissick, John C., 2009. "Simulation Analysis of Double-Cropping Vegetables and Field Crops," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2009, pages 1-10.
    2. 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.
    3. Asci, Serhat & Borisova, Tatiana & VanSickle, John J., 2015. "Role of economics in developing fertilizer best management practices," Agricultural Water Management, Elsevier, vol. 152(C), pages 251-261.
    4. Lyman, Nathaniel & Nalley, Lawton Lanier, 2013. "Stochastic Valuation of Hybrid Rice Technology in Arkansas," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 142505, Southern Agricultural Economics Association.
    5. Frikkie Maré & Bennie Grové & Johan Willemse, 2017. "Evaluating the long-term effectiveness of crop insurance products to provide cost effective and constant cover for maize producers under stochastic yields and prices," Agrekon, Taylor & Francis Journals, vol. 56(3), pages 233-247, July.
    6. Acs, Szvetlana & Berentsen, Paul B.M. & Huirne, Ruud & van Asseldonk, Marcel, 2009. "Effect of yield and price risk on conversion from conventional to organic farming," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(3), pages 1-19.
    7. Hristovska, Tatjana & Watkins, K. Bradley & Anders, Merle M., 2012. "An Economic Risk Analysis of No-till Management for the Rice-Soybean Rotation System used in Arkansas," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119676, Southern Agricultural Economics Association.
    8. Barham, E. Hart Bise & Robinson, John R.C. & Richardson, James W. & Rister, M. Edward, 2011. "Mitigating Cotton Revenue Risk Through Irrigation, Insurance, and Hedging," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 43(4), pages 529-540, November.
    9. Fumasi, Roland J. & Richardson, James W. & Outlaw, Joe L., 2008. "The Economics Of Growing And Delivering Cellulosic Feedstocks In The Beaumont, Texas Area," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6788, Southern Agricultural Economics Association.
    10. Asci, Serhat & VanSickle, John J. & Cantliffe, Daniel J., 2014. "Risk in Investment Decision Making and Greenhouse Tomato Production Expansion in Florida," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 17(4), pages 1-26, November.
    11. Monge, Juan J. & Ribera, Luis A. & Jifon, John L. & Silva, Jorge A. da & Richardson, James W., 2014. "Economics and Uncertainty of Lignocellulosic Biofuel Production from Energy Cane and Sweet Sorghum in South Texas," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 46(4), pages 1-28, November.
    12. Fumasi, Roland J. & Klose, Steven L. & Kaase, Greg H. & Richardson, James W. & Outlaw, Joe L., 2008. "Viability of cellulosic feedstock production from producer to biorefinery," Integration of Agricultural and Energy Systems Conference, February 12-13, 2008, Atlanta, Georgia 48716, Farm Foundation.
    13. Packer, Mike, 2009. "Algal capture of carbon dioxide; biomass generation as a tool for greenhouse gas mitigation with reference to New Zealand energy strategy and policy," Energy Policy, Elsevier, vol. 37(9), pages 3428-3437, September.
    14. Amigun, Bamikole & Petrie, Daniel & Görgens, Johann, 2011. "Economic risk assessment of advanced process technologies for bioethanol production in South Africa: Monte Carlo analysis," Renewable Energy, Elsevier, vol. 36(11), pages 3178-3186.
    15. Lien, Gudbrand D. & Flaten, Ola & Schumann, Keith D. & Richardson, James W. & Korsaeth, Audun & Eltun, Ragnar, 2005. "Comparison of Risk Between Cropping Systems in Eastern Norway," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24663, European Association of Agricultural Economists.
    16. Asci, Serhat & VanSickle, John J. & Fry, Curtiss J. & Thomas, John, 2015. "Where is Risk in Fumigation Choice: Methyl Bromide versus Alternatives?," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196862, Southern Agricultural Economics Association.
    17. Binfield, Julian C.R. & Adams, Gary M. & Westhoff, Patrick C. & Young, Robert E., II, 2002. "A Stochastic Analysis of Proposals for the New US Farm Bill," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24913, European Association of Agricultural Economists.
    18. Herbst, Brian K. & Anderson, David P. & Outlaw, Joe L. & Richardson, James W. & Bilby, Todd, 2009. "The Effects of Sex-Sorted Semen on Southern Dairy Farms," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46814, Southern Agricultural Economics Association.
    19. Williams, Jeffery R. & Llewelyn, Richard V. & Pendell, Dustin L. & Schlegel, Alan J. & Troy, Dumler, 2009. "A Risk Analysis of Converting CRP Acres to a Wheat-Sorghum-Fallow Rotation," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 45985, Southern Agricultural Economics Association.
    20. Hutchings, Timothy R., 2010. "A financial analysis of the impact of sheep on the risks and returns associated with mixed enterprise dryland farming in south-eastern Australia: Part II," AFBM Journal, Australasian Farm Business Management Network, vol. 6(2), pages 1-12, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jagaec:v:33:y:2001:i:02:p:261-270_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.