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ECONOMIC IMPLICATIONS OF THE FAIR ACT ON U.S. PEANUT PRODUCERS AgEcon
Chen, Changping; Fletcher, Stanley M..
This study analyzed the potential economic impacts of the FAIR Act under GATT and NAFTA on the U.S. peanut industry. Results indicate that the economic impacts of the new program combined with the trade agreements are profound on the peanut industry in both short and long terms. Changes of the peanut program could decrease peanut producers' farm income substantially, eliminate government financial costs related to excessive quotas, and transfer peanut growers' program benefits back to peanut consumers. Increasing imports of foreign peanuts due to free/reduced trade barrier agreements would transfer peanut producers' program benefits to domestic peanut importers and foreign exporters who sell peanuts to the U.S. Note: Tables 3 and 4 not included in...
Tipo: Working or Discussion Paper Palavras-chave: Economic impacts; FAIR Act; Peanuts; Quota; Support price; Agricultural and Food Policy; Crop Production/Industries.
Ano: 1997 URL: http://purl.umn.edu/16698
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IMPACTS OF THE FEDERAL AGRICULTURAL IMPROVEMENT AND REFORM ACT OF 1996 (FAIR ACT) ON THE NORTH DAKOTA AGRICULTURAL ECONOMY AgEcon
Koo, Won W.; Duncan, Marvin R.; Taylor, Richard D.; Aakre, Dwight G..
The Federal Agriculture Improvement and Reform Act of 1996 (FAIR Act) decouples government farm subsidy payments from both price and production and provides farmers with nearly complete planting flexibility. Government spending under this act will be limited to $35.63 billion for 1996-2002 period. The net farm income for all six representative farms under the 1996 FAIR Act is projected to be higher than under the 1990 farm act early in the forecast period and lower after 1999 under the 1996 FAIR Act. Cropland prices are projected to fall 19.8% between 1996 and 2002 under the 1996 FAIR Act, while cropland prices are projected to fall 18.5% under the 1990 farm act. Cash rental rates are projected to follow cropland prices. Debt-to-asset ratios for most...
Tipo: Working or Discussion Paper Palavras-chave: FAIR Act; Net farm income; Debt-to-asset ratio; Cropland prices; Land rental rates; Farm operating expenses; Capitalization rate; Agricultural and Food Policy.
Ano: 1996 URL: http://purl.umn.edu/23150
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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
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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 free-market policy, and with the agricultural policies that preceded the FAIR Act. Results support the hypothesis that the changes enacted by FAIR 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: Conference Paper or Presentation Palavras-chave: FAIR Act; Price volatility; Storage; Agricultural and Food Policy.
Ano: 2000 URL: http://purl.umn.edu/18937
Registros recuperados: 4
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