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Domestic Support for the U.S. Rice Sector and the WTO: Implications of the 2002 Farm Act

Author

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  • Hoffman, Linwood A.
  • Young, C. Edwin
  • Westcott, Paul C.
  • Childs, Nathan W.

Abstract

The U.S. rice sector is expected to receive some of the largest relative support under the 2002 Farm Act. USDA's rice baseline model is used to compute marketing loan benefits, while direct payments and counter-cyclical payments are estimated from endogenous prices and exogenous policy parameters. Alternative scenarios of reduced marketing loan benefits suggest that projected annual average sector revenue could decline by 4 to 27 percent.

Suggested Citation

  • Hoffman, Linwood A. & Young, C. Edwin & Westcott, Paul C. & Childs, Nathan W., 2003. "Domestic Support for the U.S. Rice Sector and the WTO: Implications of the 2002 Farm Act," 2003 Annual meeting, July 27-30, Montreal, Canada 21929, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:21929
    DOI: 10.22004/ag.econ.21929
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    References listed on IDEAS

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    1. Westcott, Paul C. & Young, C. Edwin & Price, J. Michael, 2002. "The 2002 Farm Act: Provisions And Implications For Commodity Markets," Agricultural Information Bulletins 33745, United States Department of Agriculture, Economic Research Service.
    2. Westcott, Paul C. & Price, J. Michael, 2001. "Analysis Of The U.S. Commodity Loan Program With Marketing Loan Provisions," Agricultural Economic Reports 34035, United States Department of Agriculture, Economic Research Service.
    3. Gail L. Cramer & James M. Hansen & Eric J. Wailes, 1999. "Impact of Rice Tariffication on Japan and the World Rice Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(5), pages 1149-1156.
    4. Schnepf, Randall D. & Just, Bryan, 1995. "Rice: Background for 1995 Farm Legislation," Agricultural Economic Reports 262022, United States Department of Agriculture, Economic Research Service.
    5. Stanley C. Hollander & Kathleen M. Rassuli (ed.), 1993. "Marketing," Books, Edward Elgar Publishing, volume 0, number 512.
    6. Daniel A. Sumner & Frank H. Buck & Hyunok Lee, 2000. "Assessing the Effects of the WTO Agreement on Rice Markets: What can We Learn from the First Five Years?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 709-717.
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