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	Provedor de dados AgEcon (1) Autor Hayes, Dermot J. (1) Lence, Sergio H. (1) Palavra-chave Agricultural and Food Policy (1) FAIR Act (1) Farm prices (1) Free-market policy (1) Rational-expectations storage model (1) Revenue (1) Mais... Tipo do documento Working or Discussion Paper (1) Ano 2000 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última U.S. Farm Policy and the Variability of Commodity Prices and Farm Revenues AgEcon Lence, Sergio H.; Hayes, Dermot J.. A dynamic, three-commodity rational-expectations storage model is used to compare the impact of the Federal Agricultural Improvement and Reform (FAIR) Act of 1996 with a freemarket policy and with the agricultural policies that preceded the FAIR Act. Results support the hypothesis that the changes made when FAIR was enacted did not lead to permanent significant increases in the volatility of farm prices or revenues. An important finding is that the main economic impacts of the Pre-FAIR scenario, relative to the free-market regime were to transfer income to farmers and to substitute government storage for private storage in a way that did little to support prices or to stabilize farm incomes. Tipo: Working or Discussion Paper Palavras-chave: FAIR Act; Farm prices; Free-market policy; Rational-expectations storage model; Revenue; Agricultural and Food Policy. Ano: 2000 URL: http://purl.umn.edu/18371 Registros recuperados: 1 Primeira ... 1 ... Última

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