Hostname: page-component-586b7cd67f-t8hqh Total loading time: 0 Render date: 2024-11-23T22:47:03.407Z Has data issue: false hasContentIssue false
  • English
  • Français

Analyzing Producer Preferences for Counter-Cyclical Government Payments

Published online by Cambridge University Press:  28 April 2015

J. Corey Miller ,
Barry J. Barnett  and
Keith H. Coble
J. Corey Miller
Affiliation:
National Risk Management Feasibility Program for Aquaculture, Department of Agricultural Economics, Mississippi State University, Mississippi State, MS
Barry J. Barnett
Affiliation:
Department of Agricultural and Applied Economics, University of Georgia, Athens, GA
Keith H. Coble
Affiliation:
Department of Agricultural Economics, Mississippi State University, Mississippi State, MS
Get access Rights & Permissions [Opens in a new window]

Abstract

A dynamic-stochastic model is developed to evaluate preferences among alternative countercyclical payment programs for representative farms producing corn or soybeans in Iowa and cotton or soybeans in Mississippi. Countercyclical payment programs are found to not necessarily be preferred to fixed payment programs.

Keywords

agricultural policybootstrappingcountercyclical paymentsnonparametricC15D81Q12Q18
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 35 , Issue 3 , December 2003 , pp. 671 - 684
Copyright
Copyright © Southern Agricultural Economics Association 2003

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Barnard, C, Nehring, R., Ryan, J., and Collender, R.. “Higher Cropland Value from Farm Program Payments: Who Gains?” Agricultural Outlook. Washington, DC: U.S. Department of Agriculture/Economic Research Service, November 2001, p. 29.Google Scholar
Coble, K.H., Miller, J.C., Barnett, B.J., and Knight, T.O.. Potential for Multicrop Revenue Insurance to Serve the Needs of Mississippi Crop Producers. Bulletin 1109. Mississippi State, MS: Mississippi Agricultural and Forestry Experiment Station, August 2001.Google Scholar
Commission on 21st Century Production Agriculture. Directions for Future Farm Policy: The Role of Government in Support of Production Agriculture. Report to the President and Congress, Washington, DC, January 2001.Google Scholar
Duffy, M., and Smith, D.. Estimated Costs of Crop Production in Iowa-2000. Publication FM-1712. Ames, IA: Iowa State University Extension, 2000.Google Scholar
Economic Research Service. Structural and Financial Characteristics of US Farms. 1995/AIB-746. Washington, DC: U.S. Department of Agriculture, 1995, appendix table 4, pp. 87, 88.Google Scholar
Glauber, J.W., and Miranda, M.J.. “Price Stabilization, Revenue Stabilization and the Natural Hedge.” Unpublished manuscript. Ohio State University, 1996.Google Scholar
Hardaker, J.B., Huirne, R.B.M., and Anderson, J.R.. Coping with Risk in Agriculture. Wallingford, Oxon, UK: CAB International, 1997.Google Scholar
Hart, C.E., and Babcock, B.A.. Counter-Cyclical Agricultural Program Payments: Is It Time to Look at Revenue? Briefing Paper 99-BP 28. Ames, IA: Center for Agricultural and Rural Development, December 1999.Google Scholar
Lence, S.H., and Hayes, D.J.. “U.S. Farm Policy and the Volatility of Commodity Prices and Farm Revenues.” American Journal of Agricultural Economics 84(May 2002):335–351.CrossRefGoogle Scholar
Mississippi State University. Delta 2000 Planning Budgets. Report No. 110. Mississippi State, MS: Department of Agricultural Economics, December 1999.Google Scholar
National Agricultural Statistics Service. Agricultural Cash Rents. Sp Sy 3 (02). Washington, DC: U.S. Department of Agriculture, 2002, p. 2.Google Scholar
Nelson, F.J., and Schertz, L.P.. Provisions of the Federal Agricultural Improvement and Reform Act of 1996. Agriculture Information Bulletin No. 729. Washington, DC: U.S. Department of Agriculture/Economic Research Service, 1996.Google Scholar
Stinson, T.F., Coggins, J.S., and Ramezani, C.A.. “Was FAIR Fair to Corn U.S. Growers?” Paper presented at the annual meeting of the American Agricultural Economics Association, Salt Lake City, UT, August 1-5, 1998.Google Scholar
Tirupattur, V., Hauser, R.J., and Boyle, P.P.. “Theory and Measurement of Exotic Options in U.S. Agricultural Support Programs.” American Journal of Agricultural Economics 79(November 1997):1127–1139.CrossRefGoogle Scholar
U.S. Congress. “Supplemental Income Payments for Farmers Act.” 106th Cong., 1st sess., H.R. 2792. Congressional Record 145, no. 114, daily ed. (August 5, 1999):H7251–H7887.Google Scholar