IDEAS home Printed from https://ideas.repec.org/p/ags/uerssr/278355.html
   My bibliography  Save this paper

An Economic Assessment of the Freeze on Program Yields

Author

Listed:
  • Hertel, Thomas W.
  • Tsigas, Marinos E.
  • Preckel, Paul V.

Abstract

This paper analyzes the economic consequences of the freeze on program payment ields which was introduced in the Food Security Act of 1985. It appears that this policy change reduced variable in ut usage in wheat production, while raising market prices and net returns...] Estimates for a hypothetical 1991 crop year indicate that unfreezing program payment yields would have the opposite effect of raising variable input usage and output, while depressing prices and net returns. A preferable alternative for adjusting program yields would be to index them. This option would raise net returns while avoiding the negative environmental consequences associated with unfreezing program payment yields.

Suggested Citation

  • Hertel, Thomas W. & Tsigas, Marinos E. & Preckel, Paul V., 1990. "An Economic Assessment of the Freeze on Program Yields," Staff Reports 278355, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278355
    DOI: 10.22004/ag.econ.278355
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/278355/files/ers-report-490.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.278355?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. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
    2. Lin, William & Johnson, James & Calvin, Linda, 1981. "Farm Commodity Programs: Who Participates and Who Benefits?," Agricultural Economic Reports 307908, United States Department of Agriculture, Economic Research Service.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lin, Biing-Hwan & Padgitt, Merritt & Bull, Len & Delvo, Herman & Shank, David & Taylor, Harold, 1995. "Pesticide and Fertilizer Use and Trends in U.S. Agriculture," Agricultural Economic Reports 308423, United States Department of Agriculture, Economic Research Service.
    2. Ribaudo, Marc O. & Shoemaker, Robbin A., 1995. "The Effect of Feedgrain Program Participation on Chemical Use," Agricultural and Resource Economics Review, Cambridge University Press, vol. 24(2), pages 211-220, October.

    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. Adnan Haider Bukhari & Safdar Ullah Khan, 2008. "A Small Open Economy DSGE Model for Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 47(4), pages 963-1008.
    2. Benhabib, Jess & Rogerson, Richard & Wright, Randall, 1991. "Homework in Macroeconomics: Household Production and Aggregate Fluctuations," Journal of Political Economy, University of Chicago Press, vol. 99(6), pages 1166-1187, December.
    3. Dongya Koh & Raül Santaeulàlia-Llopis, 2017. "Countercyclical Elasticity of Substitution," Working Papers 946, Barcelona School of Economics.
    4. Alice Fabre & Stéphane Pallage & Christian Zimmermann, 2014. "Universal Basic Income versus Unemployment Insurance," Cahiers de recherche 1427, CIRPEE.
    5. Wang, Shu-Ling, 2021. "Fiscal stimulus in a high-debt economy? A DSGE analysis," Economic Modelling, Elsevier, vol. 98(C), pages 118-135.
    6. Ono, Tetsuo & Uchida, Yuki, 2018. "Human capital, public debt, and economic growth: A political economy analysis," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 1-14.
    7. Menzies Gordon Douglas & Zizzo Daniel John, 2009. "Inferential Expectations," The B.E. Journal of Macroeconomics, De Gruyter, vol. 9(1), pages 1-27, December.
    8. Yariv, Leeat & Jackson, Matthew O., 2018. "The Non-Existence of Representative Agents," CEPR Discussion Papers 13397, C.E.P.R. Discussion Papers.
    9. Evans, Charles L. & Marshall, David A., 2007. "Economic determinants of the nominal treasury yield curve," Journal of Monetary Economics, Elsevier, vol. 54(7), pages 1986-2003, October.
    10. Iwasa, Kazumichi & Sorger, Gerhard, 2018. "Periodic solutions of the one-sector growth model: The role of income effects," Journal of Mathematical Economics, Elsevier, vol. 78(C), pages 59-63.
    11. repec:hum:wpaper:sfb649dp2006-030 is not listed on IDEAS
    12. Roberto Piazza, 2015. "Financial innovation and risk: the role of information," Annals of Finance, Springer, vol. 11(3), pages 477-502, November.
    13. Sah, Raaj, 2000. "Some results for the comparative statics of steady states of higher-order discrete dynamic systems," Journal of Economic Dynamics and Control, Elsevier, vol. 24(10), pages 1481-1489, September.
    14. Ray C. Fair, 1986. "Sources of Output and Price Variability in a Macroeconometric Model," NBER Working Papers 2112, National Bureau of Economic Research, Inc.
    15. Masashige Hamano & Pierre M. Picard, 2017. "Extensive and intensive margins and exchange rate regimes," Canadian Journal of Economics, Canadian Economics Association, vol. 50(3), pages 804-837, August.
    16. Hafedh Bouakez & Michel Guillard & Jordan Roulleau-Pasdeloup, 2017. "Public Investment, Time to Build, and the Zero Lower Bound," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 23, pages 60-79, January.
    17. Nebile KORUCU GUMUSOGLU & Julide YILDIRIM & Semsettin KARASU, 2010. "The Effect of Civilian Unemploment on Reenlistment Decision in Turkish Armed Forces," EcoMod2010 259600095, EcoMod.
    18. Florence Contré & Ian Goldin, 1991. "L'agriculture en période d'ajustement au Brésil," Revue Tiers Monde, Programme National Persée, vol. 32(126), pages 271-302.
    19. Huang-Meier, Winifred & Freeman, Mark C., 2015. "Aggregate dividends and consumption smoothing," International Review of Financial Analysis, Elsevier, vol. 42(C), pages 324-335.
    20. Mark Schankerman, 1991. "Revisions of Investment Plans and the Stock Market Rate of Return," STICERD - Economics of Industry Papers 05, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    21. Sharri Byron, 2012. "Examining Foreign Aid Fungibility in Small Open Economies," Open Economies Review, Springer, vol. 23(4), pages 675-712, September.

    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:uerssr:278355. 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/ersgvus.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.