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Less U.S. Government Intervention in Corn and Soybean Markets: An Analysis of Program Alternatives

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  • Martin, Marshall A.
  • Edelman, Mark A.

Abstract

Corn and soybean markets were analyzed with a multi-period, stochastic simulation model. Elimination of current farm program provisions (deficiency payments, farmer-owned reserves, and CCC operations) increased price levels and variation but substantially reduced Treasury costs. Elimination of deficiency payments reduced Treasury costs by one-third but did not affect price behavior.

Suggested Citation

  • Martin, Marshall A. & Edelman, Mark A., 1981. "Less U.S. Government Intervention in Corn and Soybean Markets: An Analysis of Program Alternatives," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279396, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279396
    DOI: 10.22004/ag.econ.279396
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    References listed on IDEAS

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    1. Lee, John E., 1980. "A Framework for Food and Agricultural Policy in the 1980s," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(1), pages 1-10, July.
    2. Richard E. Just & Ernst Lutz & Andrew Schmitz & Stephen Tumovsky, 1977. "The Distribution of Welfare Gains from International Price Stabilization under Distortions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(4), pages 652-661.
    3. Ronald L. Meekhof & Wallace E. Tyner & Forrest D. Holland, 1980. "U.S. Agricultural Policy and Gasohol: A Policy Simulation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 408-415.
    4. Lee, John E., Jr., 1980. "A Framework For Food And Agricultural Policy In The 1980s," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(1), pages 1-10, July.
    5. Marshall A. Martin, 1981. "Reconciling Agricultural Pricing, Environmental, Conservation, Energy, and Structural Concerns," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(2), pages 309-315.
    Full references (including those not matched with items on IDEAS)

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