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An Economic Assessment of the Freeze on Program Yields

Author

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  • 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
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    References listed on IDEAS

    as
    1. 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.
    2. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
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    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.

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