Analysis of Commodity Program Adjustments for U.S. Rice in Stochastic Framework
| dc.creator | Chavez, Eddie C. | |
| dc.creator | Wailes, Eric J. | |
| dc.date | 2017-04-01T14:06:28Z | |
| dc.date.accessioned | 2026-07-09T05:54:18Z | |
| dc.description | Potential adjustments in U.S. commodity program for rice are evaluated in this paper using stochastic analysis in a global modeling framework. Corresponding threshold and loss-compensatory increases in target price and loan rates are determined with assumed outright and gradual elimination of direct payments. Results show that if direct payments (DP) are eliminated in 2012, a 23% increase in both the target price (TP) and loan rate (LR) triggers counter-cyclical payments (CCP) 80% of the time; and it will take an increase of 48% in TP and LR to generate CCP enough to compensate for the loss in total DP. If DP is gradually removed over 5 years, the trigger and compensatory increases in TP and LR are 41% and 46%, respectively. Furthermore, if DP is eliminated outright and TP maintained, an increase of 71% in LR triggers loan deficiency payments (LDP) 75% of the time; and it will take an increase of 130% in LR to generate enough LDP to recoup the total loss in DP. Under gradual removal of DP, the trigger and compensatory increases in LR are 71% and 92%, respectively. | |
| dc.identifier | doi:10.22004/ag.econ.119772 | |
| dc.identifier | https://ageconsearch.umn.edu/record/119772/files/Final%20Paper_SAEA%202012_Commodity%20Prog%20Adj%20for%20US%20Rice%20in%20Stochastic%20Framework%20_chavez%20and%20wailes.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/119772 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/569890 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/119772 | |
| dc.title | Analysis of Commodity Program Adjustments for U.S. Rice in Stochastic Framework | |
| dc.type | Text |