| Registro completo |
| Provedor de dados: |
AgEcon
|
| 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>2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama
|
| Formato: |
21
|
|
