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| Registros recuperados: 17 | |
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| Westcott, Paul C.; Young, C. Edwin; Price, J. Michael. |
| The Farm Security and Rural Investment Act of 2002 (2002 Farm Act), which governs agricultural programs through 2007, was signed into law in May 2002. This report presents an initial evaluation of the new legislation's effects on agricultural commodity markets, based on sectorwide model simulations under alternative policy assumptions. The analysis shows that loan rate changes under the marketing assistance loan program of the 2002 Farm Act initially result in an increase in total planted acreage of eight major program crops. This increase in plantings, however, is relatively small (less than 1 percent), partly due to the inelasticity of acreage response in the sector. In the longer run, the simulations indicate that overall plantings of the eight program... |
| Tipo: Report |
Palavras-chave: Farm legislation; 2002 Farm Act; Agricultural programs; Commodity programs; Marketing loans; Counter-cyclical payments; Direct payments; Planting flexibility; Base acres; Payment yields; Farm income; Risk management; FAPSIM; Agricultural and Food Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/33745 |
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| Landes, Rip; Westcott, Paul C.; Wainio, John. |
| This report provides baseline projections for international supply, demand, and trade for major agricultural commodities to 2007. It is a companion report to USDA Agricultural Baseline Projections, providing the foreign country details supporting those projections. Projections of strong global economic growth, particularly in developing countries, combined with more open foreign markets and the emergence of China as a major bulk commodity importer, support strong projected gains in U.S. farm exports. The value of total U.S. agricultural exports is projected to rise from a record $57.3 billion in FY 1997 to nearly $85 billion in 2007. The projections were completed based on information available as of December 1997, and reflect a composite of model results... |
| Tipo: Report |
Palavras-chave: Agriculture; Commodities; International; Projections; Supply; Use; Trade; Production Economics. |
| Ano: 1998 |
URL: http://purl.umn.edu/33951 |
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| Ahearn, Mary Clare; Collender, Robert N.; Diao, Xinshen; Harrington, David H.; Hoppe, Robert A.; Korb, Penelope J.; Makki, Shiva S.; Morehart, Mitchell J.; Roberts, Michael J.; Roe, Terry L.; Somwaru, Agapi; Vandeveer, Monte; Westcott, Paul C.; Young, C. Edwin. |
| The studies in this report analyze the effects of decoupled payments in the Federal Agriculture Improvement and Reform (FAIR) Act on recipient households, and assess land, labor, risk management, and capital market conditions that can lead to links between decoupled payments and production choices. Each study contributes a different perspective to understanding the response of U.S. farm households and production to decoupled income transfers. Some use new microdata on farm households collected through USDA's Agricultural Resource Management Survey (ARMS), initiated in 1996, and its predecessor survey. These data are used to compare household and producer behavior and outcomes before and after the FAIR Act. Other studies use applied or conceptual models to... |
| Tipo: Report |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2004 |
URL: http://purl.umn.edu/33981 |
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| Westcott, Paul C.; Price, J. Michael. |
| Over the next several years, crop prices are projected to be below to slightly above commodity loan rates. As a result, marketing loan benefits to farmers, in the form of loan deficiency payments and marketing loan gains from the commodity loan program, are likely to continue to be sizeable. The level of realized per-unit revenues facilitated by marketing loans exceeds commodity loan rates, thereby raising expected net returns to farmers. Model simulations show that the loan program can raise total acreage planted to major field crops, generally increasing levels of domestic use and exports while lowering crop prices. Cross-commodity effects of supply response to relative returns (including marketing loan benefits), however, result in acreage shifts among... |
| Tipo: Report |
Palavras-chave: Commodity loans; Marketing loans; Nonrecourse loans; Loan deficiency payments; Price support; Commodity programs; Agricultural Finance. |
| Ano: 2001 |
URL: http://purl.umn.edu/34035 |
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| Torre Ugarte, Daniel de la; Sanford, Scott; Skinner, Robert A.; Westcott, Paul C.; Lin, William W.. |
| The 1996 Farm Act gives farmers almost complete planting flexibility, allowing producers to respond to price changes to a greater extent than they had under previous legislation. This study measures supply responsiveness for major field crops to changes in their own prices and in prices for competing crops and indicates significant increases in responsiveness. Relative to 1986-90, the percentage increases in the responsiveness of U.S. plantings of major field crops to a 1-percent change in their own prices are wheat (1.2 percent), corn (41.6 percent), soybeans (13.5 percent), and cotton (7.9 percent). In percentage terms, the increases in the responsiveness generally become greater with respect to competing crops' price changes. The 1996 legislation has... |
| Tipo: Report |
Palavras-chave: Supply response; Major field crops; Acreage price elasticities; Normal flex acreage (NFA); 1996 farm legislation.; Agricultural and Food Policy; Crop Production/Industries. |
| Ano: 2000 |
URL: http://purl.umn.edu/33568 |
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| Young, C. Edwin; Skully, David W.; Westcott, Paul C.; Hoffman, Linwood A.. |
| The 2002 Farm Act provided farmland owners the opportunity to update commodity program base acres and payment yields used for calculating selected program benefits. Findings in this report suggest that farmland owners responded to economic incentives in these decisions, selecting those options for designating base acres that resulted in the greatest expected flow of program payments. Decisions of farmland owners in South Dakota, in upland cotton area, and in the Heartland region support the payment-maximization argument. In general, landowners favored maximizing payments over aligning base acres to current or recent plantings. Farmland owners with high-payment base acres, such as rice and cotton, held on to these base acres and, whenever possible, expanded... |
| Tipo: Report |
Palavras-chave: Base; 2002 Farm Act; Direct payments; Counter-cyclical payments; Production flexibility contract payments; Base acres; Program yields; Agricultural and Food Policy; Farm Management. |
| Ano: 2005 |
URL: http://purl.umn.edu/33594 |
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| Westcott, Paul C.. |
| The Farm Security and Rural Investment Act of 2002 (2002 Farm Act) was enacted in the United States in May of 2002. While this new farm law introduced some new policies to the array of agricultural commodity programs, in many ways the 2002 farm act extended provisions of the 1996 farm act and institutionalized provisions of ad hoc emergency spending bills of 1998-2001. Three key commodity program features of the 2002 farm act are marketing assistance loans, counter-cyclical payments, and direct payments. Marketing assistance loans existed under previous U.S. farm law, direct payments replaced production flexibility contract payments of the 1996 farm act, and counter-cyclical payments are intended to institutionalize the market loss assistance payments... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/16816 |
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| Westcott, Paul C.; Skully, David W.; Young, C. Edwin; Hoffman, Linwood A.. |
| The 2002 Farm Act allowed farm owners to update base acres for direct payments (DPs) and counter-cyclical payments (CCPs) and to update yields for counter-cyclical payments. A minority, about 40 percent, of the 1.9 million enrolled farms choose to update their base acres using 1998-2001 plantings; of these updating farms about three-fourths updated their payment yield for CCPs. Producers with rice and cotton base had a strong economic incentive to maximize base acres for those crops, either by retaining previous base acres if they had shifted to production of alternative crops or by increasing base if they had expanded rice or cotton plantings. Research findings support the hypothesis that base designation reflects payment maximization criteria. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2004 |
URL: http://purl.umn.edu/20197 |
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| Registros recuperados: 17 | |
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