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1987 Budget Acts: Description Of Changes In Agricultural Policies And Programs

Author

Listed:
  • Lederer, Thomas H.
  • Pollack, Susan L.

Abstract

On December 22, the President signed into law two major budget bills: the Budget Reconciliation Act (HR 3545, PL-100-203) and the Continuing Appropriation Resolution (HJ RES 395, PL 100-202). The new laws cut the anticipated budget deficit by $33.4 billion in FY 1988 and $42.7 billion in FY 1989 and set FY 1988 appropriations at $603.9 billion. These two bills replaced $23 billion in Gramm-Rudman-Hollings spending cuts that had been in effect since November 20. This report describes the portions of these laws that directly affect agriculture, rural development, and related programs, focusing on commodities and implications for overall policy.j Agency budgets per se are not discussed.

Suggested Citation

  • Lederer, Thomas H. & Pollack, Susan L., 1988. "1987 Budget Acts: Description Of Changes In Agricultural Policies And Programs," Staff Reports 278005, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278005
    DOI: 10.22004/ag.econ.278005
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    Cited by:

    1. Huang, Wen-Yuan & Hyberg, Bengt & Segarra, Eduardo, 1990. "A Variable Price Support Farm Program: A Transition Tool To A Free Market," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(1), pages 1-11, July.
    2. Daniel A. Sumner, 1991. "Targeting Farm Programs," Contemporary Economic Policy, Western Economic Association International, vol. 9(1), pages 93-106, January.

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