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Appraising the Effects of the Agricultural Act of 1970 Upon Oklahoma's Economy

Published online by Cambridge University Press:  28 April 2015

R. Lynn Harwell ,
Gerald A. Doeksen  and
P. Leo Strickland
R. Lynn Harwell
Affiliation:
Farm Production Economics Division, Economic Research Service, USDA, Oklahoma State University
Gerald A. Doeksen
Affiliation:
Economic Development Division, Economic Research Service, USDA, Oklahoma State University
P. Leo Strickland
Affiliation:
Farm Production Economics Division, Economic Research Service, USDA, Oklahoma State University
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Extract

The Agricultural Act of 1970 embodies a new approach to supply adjustment policy, swinging away from acreage allotment and diversion provisions of the previous Act. Employing a “set-aside” provision, cotton, feed grains or wheat land is diverted, or set aside, in order that producers may become eligible for support payments. The allotment no longer serves as an upper limit on the permitted acreage of these crops nor, cotton excepted, is planting of a specific crop necessary for a producer to become eligible for price support benefits. Flexibilities have been written into the program whereby the Secretary may make participation more or less attractive to the producer in accordance with needs.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 4 , Issue 1 , July 1972 , pp. 191 - 196
Copyright
Copyright © Southern Agricultural Economics Association 1972

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References

[1]Doeksen, Gerald A., “A Social Accounting System and Simulation Model Projecting Economie Variables and Analyzing the Structure of the Oklahoma Economy,” unpub. Ph.D. thesis, Oklahoma State University, 1971.Google Scholar
[2]Doeksen, Gerald A., “An Input-Output Analysis of the Structure of the Economy of Oklahoma,” unpub. M.S. thesis, Oklahoma State University, 1967.Google Scholar
[3]Doeksen, Gerald A. and Schreiner, Dean F.. “Contributions of the Agricultural Processing Industries to Rural Development Objectives.” Article forthcoming in the American Journal of Agricultural Economics, Aug. 1972.Google Scholar
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[5]Miller, Thomas A., “Estimates of 1972 Great Plains Production Response to the Agricultural Act of 1970,” presented at Western Agricultural Economics Association annual meeting, Squaw Valley, California, July, 1971.Google Scholar
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