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Behavioral Implications Of Counter-Cyclical Payments And Base Acreage Updating Under The 2002 Farm Act

Author

Listed:
  • Shogren, Jason F.
  • Dohlman, Erik
  • Chambers, William

Abstract

The introduction of counter-cyclical payments (CCPs) and a base acreage updating option under the 2002 Farm Act have potential supply response implications. To gain insight into the economic incentives and efficiency implications of these provisions, this paper presents the design of a 3-stage experimental market used to gauge the actual response of economic agents under conditions simulating those faced by U.S. farmers. When completed, the results of the experiment will be used to assess the impact of the CCP system and of policy uncertainty regarding future base-updating options, relative to a market revenue-only baseline.

Suggested Citation

  • Shogren, Jason F. & Dohlman, Erik & Chambers, William, 2003. "Behavioral Implications Of Counter-Cyclical Payments And Base Acreage Updating Under The 2002 Farm Act," 2003 Annual meeting, July 27-30, Montreal, Canada 21937, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:21937
    DOI: 10.22004/ag.econ.21937
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    File URL: https://ageconsearch.umn.edu/record/21937/files/sp03sh05.pdf
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    References listed on IDEAS

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    1. Westcott, Paul C. & Young, C. Edwin & Price, J. Michael, 2002. "The 2002 Farm Act: Provisions And Implications For Commodity Markets," Agricultural Information Bulletins 33745, United States Department of Agriculture, Economic Research Service.
    2. Jean-Paul Chavas & Matthew T. Holt, 1990. "Acreage Decisions Under Risk: The Case of Corn and Soybeans," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(3), pages 529-538.
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    Cited by:

    1. Makki, Shiva S. & Johnson, D. Demcey & Somwaru, Agapi, 2005. "Farm Level Effects of Counter-Cyclical Payments," 2005 Annual meeting, July 24-27, Providence, RI 19508, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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    Keywords

    Agricultural and Food Policy;

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