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Aggregate Milk Supply Response to the Milk Income Loss Contract Program AgEcon
Bryant, Henry L.; Outlaw, Joe L.; Anderson, David P..
This research tests for changes in aggregate milk production due to the operation of the Milk Income Loss Contract (MILC) program since 2002. Aggregate production is decomposed into the size of the dairy herd and milk production per cow. We find no statistically significant response in either variable. This finding implies that the simultaneous operation of income and price support programs in the United States has not, thus far, proven self-defeating.
Tipo: Journal Article Palavras-chave: Dairy; Income support; Policy; Price support; Agribusiness; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/62292
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ANALYSIS OF THE U.S. COMMODITY LOAN PROGRAM WITH MARKETING LOAN PROVISIONS AgEcon
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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