IDEAS home Printed from https://ideas.repec.org/a/oup/revage/v30y2008i3p554-571.html
   My bibliography  Save this article

The Incidence and Implications of Binding Farm Program Payment Limits

Author

Listed:
  • Barry K. Goodwin

Abstract

Payment limits have played an important role in U.S. farm policy deliberations for the last 30 years. Current limits are largely non-binding because of the use of commodity certificates and the difficulties associated with tracing payments to individuals. Proposals to limit payments have played an important role in deliberations over the 2007 Farm Bill. An amendment to the Senate version of the legislation would significantly strengthen and enforce limits on payments. We use farm-level data on production, ex-post realizations of payments, and reported base yields and acreage to consider the potential impacts of payment limits. Our results suggest that rice, peanuts, and cotton would be the only crops to realize substantial impacts from the limits currently under discussion. However, even for these commodities, the likely proportion of growers and total acreage subject to the limits would be relatively modest. Copyright 2008, Oxford University Press.

Suggested Citation

  • Barry K. Goodwin, 2008. "The Incidence and Implications of Binding Farm Program Payment Limits ," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(3), pages 554-571.
    • Handle: RePEc:oup:revage:v:30:y:2008:i:3:p:554-571
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/j.1467-9353.2008.00430.x
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Durst, Ron L., 2007. "Effects of Reducing the Income Cap on Eligibility for Farm Program Payments," Economic Information Bulletin 59027, United States Department of Agriculture, Economic Research Service.
    2. Jones, Carol Adaire & El-Osta, Hisham S. & Green, Robert C., 2006. "Economic Well-Being of Farm Households," Economic Brief 34095, United States Department of Agriculture, Economic Research Service.
    Full references (including those not matched with items on IDEAS)

    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. Akinfenwa, Samson O. & Qasmi, Bashir A., 2014. "Ethanol, the Agricultural Economy, and Rural Incomes in the United States: A Bivariate Econometric Approach," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 43(2), pages 1-15, August.
    2. Elanor Starmer & Aimee Witteman & Timothy A. Wise, "undated". "Feeding the Factory Farm: Implicit Subsidies to the Broiler Chicken Industry," GDAE Working Papers 06-03, GDAE, Tufts University.
    3. Bruce Gardner & Barry Goodwin & Mary Ahearn, 2007. "Economic statistics and U.S. agricultural policy," Agricultural Economics, International Association of Agricultural Economists, vol. 37(s1), pages 237-248, December.
    4. Hoppe, Robert A. & Banker, David E., 2006. "Structure and Finances of U.S. Farms: 2005 Family Farm Report," Economic Information Bulletin 59404, United States Department of Agriculture, Economic Research Service.
    5. Jones, Carol Adaire & Milkove, Daniel & Paszkiewicz, Laura, 2009. "Measuring Farm Household Well-Being: Comparing Consumption and Income-based Measures," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49355, Agricultural and Applied Economics Association.
    6. Browne, Natalie & Kingwell, Ross & Behrendt, Ralph & Eckard, Richard, 2013. "The relative profitability of dairy, sheep, beef and grain farm enterprises in southeast Australia under selected rainfall and price scenarios," Agricultural Systems, Elsevier, vol. 117(C), pages 35-44.
    7. Akinfenwa, Samson O. & Qasmi, Bashir A., 2014. "Ethanol, the Agricultural Economy, and Rural Incomes in the United States: A Bivariate Econometric Approach," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 0, pages 1-15.
    8. Hung-Hao Chang & Dayton M. Lambert & Ashok K. Mishra, 2008. "Does participation in the conservation reserve program impact the economic well-being of farm households?," Agricultural Economics, International Association of Agricultural Economists, vol. 38(2), pages 201-212, March.
    9. Pardey, Philip G. & Koo, Bonwoo & Drew, Jennifer & Nottenburg, Carol, 2012. "The Evolving Landscape of IP Rights for Plant Varieties in the United States, 1930-2008," Staff Papers 119346, University of Minnesota, Department of Applied Economics.
    10. Elanor Starmer & Timothy A. Wise, "undated". "Living High on the Hog: Factory Farms, Federal Policy, and the Structural Transformation of Swine Production," GDAE Working Papers 07-04, GDAE, Tufts University.
    11. Hutchings, Timothy R. & Nordblom, Thomas L., 2011. "A financial analysis of the effect of the mix of crop and sheep enterprises on the risk profile of dryland farms in south-eastern Australia," AFBM Journal, Australasian Farm Business Management Network, vol. 8(1), pages 1-23, October.

    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:oup:revage:v:30:y:2008:i:3:p:554-571. 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: Oxford University Press or Christopher F. Baum (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    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.