Data/hora: 10/06/2024 08:05:55

Provedor de dados: | 31
País: | United States
Título: | Analysis of Commodity Program Adjustments for U.S. Rice in Stochastic Framework
Autores: | Chavez,   Eddie C.; Wailes,   Eric J.
Data: | 2012-01-17
Ano: | 2012
Palavras-chave: | U.S. commodity program; Threshold and loss-compensatory increases; Stochastic analysis; Agricultural and Food Policy; Crop Production/Industries; Q18.
Resumo: | Potential adjustments in U.S. commodity program for rice are evaluated in this paper using stochastic analysis in a global modeling framework. Corresponding threshold and loss-compensatory increases in target price and loan rates are determined with assumed outright and gradual elimination of direct payments. Results show that if direct payments (DP) are eliminated in 2012, a 23% increase in both the target price (TP) and loan rate (LR) triggers counter-cyclical payments (CCP) 80% of the time; and it will take an increase of 48% in TP and LR to generate CCP enough to compensate for the loss in total DP. If DP is gradually removed over 5 years, the trigger and compensatory increases in TP and LR are 41% and 46%, respectively. Furthermore, if DP is eliminated outright and TP maintained, an increase of 71% in LR triggers loan deficiency payments (LDP) 75% of the time; and it will take an increase of 130% in LR to generate enough LDP to recoup the total loss in DP. Under gradual removal of DP, the trigger and compensatory increases in LR are 71% and 92%, respectively.
Tipo: | Presentation
Idioma: | Inglês
Identificador: | http://purl.umn.edu/119772
Relação: | Southern Agricultural Economics Association&gt;2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama
Formato: | 21