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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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| Seo, Sangtaek; Mitchell, Paul D.; Leatham, David J.. |
| We analyze the effects of crop insurance and the Marketing Loan Program on optimal nitrogen use and acreage allocation for a case cotton-sorghum farm in Texas. A mathematical programming model is used to solve for the optimal nitrogen fertilizer rate, crop acreage allocation, coverage level, and price election factor, along with participation in the crop insurance and the Marketing Loan Program for both crops. Results show that depending on the crop and farmer risk aversion, these federal risk management programs increase or decrease optimal fertilizer rates-6% to 3%, increase optimal cotton acreage 94% to 144%, and decrease sorghum acres up to 50%. |
| Tipo: Journal Article |
Palavras-chave: Crop insurance; Extensive margin; Intensive margin; Loan deficiency payments; Revenue insurance; Q12; Q18. |
| Ano: 2005 |
URL: http://purl.umn.edu/43503 |
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| Sobolevsky, Andrei; Moschini, GianCarlo; Lapan, Harvey E.. |
| We develop a new partial equilibrium, four-region world trade model for the soybean complex comprising soybeans, soybean oil, and soybean meal. In the model, some consumers view genetically modified Roundup Ready (RR) soybeans and products as weakly inferior to conventional ones; the RR seed is patented and sold worldwide by a U.S. firm; and producers employ a costly segregation technology to separate conventional and biotech products in the supply chain. The calibrated model is solved for equilibrium prices, quantities, production patterns, trade flows, and welfare changes under different assumptions regarding regional government's production and trade policies, differentiated consumer tastes, and several other demand and supply parameters. Incomplete... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Biotechnology; Differentiated demand; Food labeling; Genetically modified products; Identity preservation; Innovations; Intellectual property rights; International trade; Loan deficiency payments; Market failure; Monopoly; Roundup Ready soybeans; Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2002 |
URL: http://purl.umn.edu/18348 |
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