Skip to main content Accessibility help
×
Home

Analyzing Producer Preferences for Counter-Cyclical Government Payments

  • J. Corey Miller (a1), Barry J. Barnett (a2) and Keith H. Coble (a3)

Abstract

A dynamic-stochastic model is developed to evaluate preferences among alternative countercyclical payment programs for representative farms producing corn or soybeans in Iowa and cotton or soybeans in Mississippi. Countercyclical payment programs are found to not necessarily be preferred to fixed payment programs.

Copyright

References

Hide All
Barnard, C, Nehring, R., Ryan, J., and Collender, R.. “Higher Cropland Value from Farm Program Payments: Who Gains?Agricultural Outlook. Washington, DC: U.S. Department of Agriculture/Economic Research Service, November 2001, p. 29.
Coble, K.H., Miller, J.C., Barnett, B.J., and Knight, T.O.. Potential for Multicrop Revenue Insurance to Serve the Needs of Mississippi Crop Producers. Bulletin 1109. Mississippi State, MS: Mississippi Agricultural and Forestry Experiment Station, August 2001.
Commission on 21st Century Production Agriculture. Directions for Future Farm Policy: The Role of Government in Support of Production Agriculture. Report to the President and Congress, Washington, DC, January 2001.
Duffy, M., and Smith, D.. Estimated Costs of Crop Production in Iowa-2000. Publication FM-1712. Ames, IA: Iowa State University Extension, 2000.
Economic Research Service. Structural and Financial Characteristics of US Farms. 1995/AIB-746. Washington, DC: U.S. Department of Agriculture, 1995, appendix table 4, pp. 87, 88.
Glauber, J.W., and Miranda, M.J.. “Price Stabilization, Revenue Stabilization and the Natural Hedge.” Unpublished manuscript. Ohio State University, 1996.
Hardaker, J.B., Huirne, R.B.M., and Anderson, J.R.. Coping with Risk in Agriculture. Wallingford, Oxon, UK: CAB International, 1997.
Hart, C.E., and Babcock, B.A.. Counter-Cyclical Agricultural Program Payments: Is It Time to Look at Revenue? Briefing Paper 99-BP 28. Ames, IA: Center for Agricultural and Rural Development, December 1999.
Lence, S.H., and Hayes, D.J.. “U.S. Farm Policy and the Volatility of Commodity Prices and Farm Revenues.American Journal of Agricultural Economics 84(May 2002):335351.
Mississippi State University. Delta 2000 Planning Budgets. Report No. 110. Mississippi State, MS: Department of Agricultural Economics, December 1999.
National Agricultural Statistics Service. Agricultural Cash Rents. Sp Sy 3 (02). Washington, DC: U.S. Department of Agriculture, 2002, p. 2.
Nelson, F.J., and Schertz, L.P.. Provisions of the Federal Agricultural Improvement and Reform Act of 1996. Agriculture Information Bulletin No. 729. Washington, DC: U.S. Department of Agriculture/Economic Research Service, 1996.
Stinson, T.F., Coggins, J.S., and Ramezani, C.A.. “Was FAIR Fair to Corn U.S. Growers?” Paper presented at the annual meeting of the American Agricultural Economics Association, Salt Lake City, UT, August 1-5, 1998.
Tirupattur, V., Hauser, R.J., and Boyle, P.P.. “Theory and Measurement of Exotic Options in U.S. Agricultural Support Programs.American Journal of Agricultural Economics 79(November 1997):11271139.
U.S. Congress. “Supplemental Income Payments for Farmers Act.” 106th Cong., 1st sess., H.R. 2792. Congressional Record 145, no. 114, daily ed. (August 5, 1999):H7251H7887.

Keywords

Analyzing Producer Preferences for Counter-Cyclical Government Payments

  • J. Corey Miller (a1), Barry J. Barnett (a2) and Keith H. Coble (a3)

Metrics

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Abstract views

Total abstract views: 0 *
Loading metrics...

* Views captured on Cambridge Core between <date>. This data will be updated every 24 hours.

Usage data cannot currently be displayed