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Farm Level Incidence of the U.S. Farm Policy Proposal to the WTO

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  • Acmoody, Jacob
  • Balagtas, Joseph Valdes
  • Gray, Allan W.

Abstract

A farm level simulation model is used to analyze the financial impacts of the U.S. proposal to the WTO to reduce farm subsidy payments. The impacts are examined for farms of different sizes, debt positions, and household characteristics. Results indicate that cash flow impacts of the policy change are much greater than net worth impacts.

Suggested Citation

  • Acmoody, Jacob & Balagtas, Joseph Valdes & Gray, Allan W., 2006. "Farm Level Incidence of the U.S. Farm Policy Proposal to the WTO," 2006 Annual meeting, July 23-26, Long Beach, CA 21260, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea06:21260
    DOI: 10.22004/ag.econ.21260
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    References listed on IDEAS

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    1. Richardson, James W. & Klose, Steven L. & Gray, Allan W., 2000. "An Applied Procedure For Estimating And Simulating Multivariate Empirical (Mve) Probability Distributions In Farm-Level Risk Assessment And Policy Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(2), pages 1-17, August.
    2. Michael R. Langemeier & George F. Patrick, 1990. "Farmers' Marginal Propensity to Consume: An Application to Illinois Grain Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(2), pages 309-316.
    3. Chad E. Hart & John C. Beghin, 2004. "Rethinking Agricultural Domestic Support under the World Trade Organization," Center for Agricultural and Rural Development (CARD) Publications 04-bp43, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    4. Richardson, James W. & Outlaw, Joe L. & Knapek, George M. & Raulston, J. Marc & Herbst, Brian K. & Sartwelle, James D., III & Anderson, David P. & Klose, Steven L., 2006. "Representative Farms Economic Outlook for the January 2006 FAPRI/AFPC Baseline," Briefing Series 42100, Texas A&M University, Agricultural and Food Policy Center.
    5. repec:ags:joaaec:v:32:y:2000:i:2:p:299-315 is not listed on IDEAS
    6. repec:ags:inpuer:188847 is not listed on IDEAS
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    Keywords

    Agricultural and Food Policy;

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