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Appraising the Effects of the Agricultural Act of 1970 Upon Oklahoma's Economy

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  • Harwell, R. Lynn
  • Doeksen, Gerald A.
  • Strickland, P. Leo

Abstract

The Agricultural Act of 1970 embodies a new approach to supply adjustment policy, swinging away from acreage allotment and diversion provisions of the previous Act. Employing a “set-aside†provision, cotton, feed grains or wheat land is diverted, or set aside, in order that producers may become eligible for support payments. The allotment no longer serves as an upper limit on the permitted acreage of these crops nor, cotton excepted, is planting of a specific crop necessary for a producer to become eligible for price support benefits. Flexibilities have been written into the program whereby the Secretary may make participation more or less attractive to the producer in accordance with needs.

Suggested Citation

  • Harwell, R. Lynn & Doeksen, Gerald A. & Strickland, P. Leo, 1972. "Appraising the Effects of the Agricultural Act of 1970 Upon Oklahoma's Economy," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 4(1), pages 191-196, July.
    • Handle: RePEc:cup:jagaec:v:4:y:1972:i:01:p:191-196_01
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    Cited by:

    1. Lanier, Eleanor B., 1974. "Economics of Agriculture: Reports and Publications Issued or Sponsored by USDA's Economic Research Service, July 1971-June 1972," Miscellaneous Publications 321804, United States Department of Agriculture, Economic Research Service.

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