IDEAS home Printed from https://ideas.repec.org/p/ags/iatrwp/51821.html
   My bibliography  Save this paper

ACRE in the U.S. Farm Bill and the WTO

Author

Listed:
  • Zulauf, Carl R.
  • Orden, David

Abstract

Two counterfactual analyses investigate the new ACRE program. Had ACRE existed instead of the programs authorized during 1996-2006 for corn, soybeans, and wheat, farm program spending would have totaled less. Estimated ACRE revenue payments increase 78 percent when calculated by applying the annual 1996-2006 percentage variations to USDA forecast average 2009-2012 acres, prices, and yields. Traditional marketing loan and counter-cyclical payments are estimated near zero. Policy design issues concern the merit of revenue versus price protection, fixed support targets versus support adjusting with lagged market revenue, and the economic dislocation and WTO compliance from alternative policy instruments.

Suggested Citation

  • Zulauf, Carl R. & Orden, David, 2009. "ACRE in the U.S. Farm Bill and the WTO," Working Papers 51821, International Agricultural Trade Research Consortium.
    • Handle: RePEc:ags:iatrwp:51821
    DOI: 10.22004/ag.econ.51821
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/51821/files/IATRCWorkingPaper09-2.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.51821?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Zulauf, Carl R. & Dicks, Michael R. & Vitale, Jeffrey D., 2008. "ACRE (Average Crop Revenue Election) Farm Program: Provisions, Policy Background, and Farm Decision Analysis," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 23(3), pages 1-7.
    2. David Kenyon & Eluned Jones & M. Anya McGuirk, 1993. "Forecasting Performance of Corn and Soybean Harvest Futures Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(2), pages 399-407.
    3. Orden, David & Paarlberg, Robert & Roe, Terry, 1999. "Policy Reform in American Agriculture," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226632643, October.
    4. Nelson, Frederick J. & Schertz, Lyle P., 1996. "Provisions of the Federal Agriculture Improvement and Reform Act of 1996," Agricultural Information Bulletins 262104, United States Department of Agriculture, Economic Research Service.
    5. Harrington, David H. & Doering, Otto C., III, 1993. "Agricultural policy reform: A proposal," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 8(1), pages 1-6.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yoon, Byung-Sam & Brorsen, B. Wade, 2005. "Can Multiyear Rollover Hedging Increase Mean Returns?," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 37(1), pages 65-78, April.
    2. Grace Skogstad, 2008. "Canadian Agricultural Programs and Paradigms:The Influence of International Trade Agreements and Domestic Factors," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 56(4), pages 493-507, December.
    3. Johan Swinnen & Alessandro Olper & Senne Vandevelde, 2021. "From unfair prices to unfair trading practices: Political economy, value chains and 21st century agri‐food policy," Agricultural Economics, International Association of Agricultural Economists, vol. 52(5), pages 771-788, September.
    4. Sanders, Dwight R. & Garcia, Philip & Manfredo, Mark R., 2008. "Information Content in Deferred Futures Prices: Live Cattle and Hogs," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(1), pages 1-12, April.
    5. Gerlt, Scott & Thompson, Wyatt & Miller, Douglas, 2014. "Exploiting the Relationship between Farm-Level Yields and County-Level Yields for Applied Analysis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 39(2), pages 1-18.
    6. Tangermann, Stefan, 2001. "Has The Uruguay Round Agreement On Agriculture Worked Well?," Working Papers 14586, International Agricultural Trade Research Consortium.
    7. Lohano, Heman Das, 2002. "A Stochastic Dynamic Programming Analysis of Farmland Investment and Financial Management," Faculty and Alumni Dissertations 309035, University of Minnesota, Department of Applied Economics.
    8. Hewitt, Joanna, 2008. "Impact evaluation of research by the International Food Policy Research Institute on agricultural trade liberalization, developing countries, and WTO's Doha negotiations:," Impact assessments 28, International Food Policy Research Institute (IFPRI).
    9. Dobbs, Thomas L., 1993. "Enhancing Agricultural Sustainability Through Changes in Federal Commodity Policy: Marginal Versus Radical Change," Policy Studies Program Reports, Henry A. Wallace Institute for Alternative Agriculture, number 134106, January.
    10. Swinnen, Johan F.M., 2010. "The Political Economy of the Most Radical Reform of the Common Agricultural Policy," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 59(Supplemen), pages 1-12, December.
    11. Lijuan Du & Li Xu & Yanping Li & Changshun Liu & Zhenhua Li & Jefferson S. Wong & Bo Lei, 2019. "China’s Agricultural Irrigation and Water Conservancy Projects: A Policy Synthesis and Discussion of Emerging Issues," Sustainability, MDPI, vol. 11(24), pages 1-20, December.
    12. Glauber, Joseph W. & Effland, Anne, 2016. "United States agricultural policy: Its evolution and impact:," IFPRI discussion papers 1543, International Food Policy Research Institute (IFPRI).
    13. Liang, Yan & Miller, J. Corey & Harri, Ardian & Coble, Keith H., 2011. "Crop Supply Response under Risk: Impacts of Emerging Issues on Southeastern U.S. Agriculture," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 43(2), pages 1-14, May.
    14. Blandford, David & Orden, David, 2008. "United States: Shadow WTO Agricultural Domestic Support Notifications," IFPRI discussion papers 821, International Food Policy Research Institute (IFPRI).
    15. repec:lic:licosd:21508 is not listed on IDEAS
    16. Matthews, A., 2007. "Good Governance in the Agri-Food Sector of Industrialised Countries," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 42, March.
    17. Kym Anderson & Gordon Rausser & Johan Swinnen, 2013. "Political Economy of Public Policies: Insights from Distortions to Agricultural and Food Markets," Journal of Economic Literature, American Economic Association, vol. 51(2), pages 423-477, June.
    18. Jacobs, Keri L. & Thurman, Walter N. & Marra, Michele C., 2011. "How Farmers Bid Into the Conservation Reserve Program: An Empirical Analysis of CRP Offers Data," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103675, Agricultural and Applied Economics Association.
    19. Zulauf, Carl & Langemeier, Michael & Schnitkey, Gary, 2022. "U.S. Crop Profitability and Farm Safety Net Payments Since 1975," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2022.
    20. Nadine Lehrer, 2010. "(Bio)fueling farm policy: the biofuels boom and the 2008 farm bill," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 27(4), pages 427-444, December.
    21. Barrett E. Kirwan, 2009. "The Incidence of U.S. Agricultural Subsidies on Farmland Rental Rates," Journal of Political Economy, University of Chicago Press, vol. 117(1), pages 138-164, February.

    More about this item

    Keywords

    Agricultural and Food Policy; International Relations/Trade;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:iatrwp:51821. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/iatrcea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.