AN ANALYSIS OF U.S. FARM INCOME POLICIES: HISTORICAL, MARKETING-DETERMINED, AND SECTOR-WIDE STABILIZATION

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dc.creatorMcDowell, Howard
dc.creatorKramer, Randall A.
dc.creatorPrice, J. Michael
dc.date2017-04-01T19:27:59Z
dc.date.accessioned2026-07-09T04:07:52Z
dc.descriptionThis paper provides an economic analysis of the historical agricultural price and income support policy, a policy of market-determined prices and income, and a policy linking market-determined prices with sector-wide farm income stabilization in years of economic disaster. The analysis compares commodity prices, net farm income, and government expenditures over the period 1970 through 1982 based on estimates generated by USDA's Food and Agricultural Policy Simulator (FAPSIM). The historical policy generates the highest income and most stable prices. Market-determined income is lowest and has the greatest variability. Stabilization minimized income variability at intermediate income levels.
dc.identifierdoi:10.22004/ag.econ.30105
dc.identifierhttps://ageconsearch.umn.edu/record/30105/files/21020001.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/30105
dc.identifier.urihttp://hdl.handle.net/123456789/545275
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/30105
dc.titleAN ANALYSIS OF U.S. FARM INCOME POLICIES: HISTORICAL, MARKETING-DETERMINED, AND SECTOR-WIDE STABILIZATION
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