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Understanding The Economic Factors Influencing Farm Policy Preferences

  • Coble, Keith H.
  • Knight, Thomas O.
  • Patrick, George F.
  • Baquet, Alan E.

A survey conducted in Mississippi, Texas, Indiana, and Nebraska elicited producers' preferences for various farm policy changes. This permitted examination of the diversity of preferences that single-state studies have not allowed. Five policy choices, including deficiency payments, loan programs, crop insurance, export programs, and disaster payments were examined. Logit model results predicting producer preferences for each of the five dichotomous policy choices are reported. Explanatory variables based on expected utility theory such as risk aversion, price and yield variability, and price-yield correlation are significant in various models. Copyright 2002, Oxford University Press.

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File URL: http://purl.umn.edu/19578
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2000 Producer marketing and Risk Management Conference, January 13-14, Orlando, FL with number 19578.

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Date of creation: 2000
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Handle: RePEc:ags:aae08p:19578
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  1. David A. Hennessy & Bruce A. Babcock & Dermot J. Hayes, 1997. "Budgetary and Producer Welfare Effects of Revenue Insurance, The," Center for Agricultural and Rural Development (CARD) Publications 97-wp180, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  2. Orazem, Peter & Otto, Daniel & Edelman, Mark, 1989. "An Analysis of Farmers' Agricultural Policy Preferences," Staff General Research Papers 10967, Iowa State University, Department of Economics.
  3. Kastens, Terry L. & Goodwin, Barry K., 1994. "An Analysis Of Farmers' Policy Attitudes And Preferences For Free Trade," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(02), December.
  4. F.G. Scrimgeour & E.C. Pasour, 1996. "A Public Choice Perspective on Agricultural Policy Reform: Implications of the New Zealand Experience," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(2), pages 257-267.
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