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- Title
Is it Good to Have Options? The 2014 Farm Bill Program Decisions.
- Authors
Taylor, Mykel R.; Tonsor, Glynn T.; Paulson, Nicholas D.; Ellison, Brenna; Coppess, Jonathan; Schnitkey, Gary D.
- Abstract
The 2014 Farm Bill continued the trend towards more risk managementbased support for U.S. farmers. However, it also represents a major departure from previous legislation by introducing multiple program options among which producers had the ability to choose. While allowing producers to have choices creates flexibility, the design of the program required producers to consider potential outcomes for crop prices and production levels in future periods when making their decisions. Experience over the first two years of program implementation suggests that while programs are working as designed, not all producers are fully satisfied with their enrollment decisions. This will lead to proposals for further modification to programs, and to questions about whether program choice should be a component of the next Farm Bill.
- Subjects
UNITED States; AGRICULTURAL laws; LANDOWNERS; FARMERS; AGRICULTURAL finance laws; AGRICULTURE finance; AGRICULTURE
- Publication
Applied Economic Perspectives & Policy, 2017, Vol 39, Issue 4, p533
- ISSN
2040-5790
- Publication type
Article
- DOI
10.1093/aepp/ppx044