Determination of a Variable Price Support Schedule as Applied to Agricultural Production Control
| dc.creator | Huang, Wen-Yuan | |
| dc.creator | Hyberg, Bengt | |
| dc.date | 2017-04-01T18:41:16Z | |
| dc.date.accessioned | 2026-07-09T06:39:00Z | |
| dc.description | Adoption of variable price support (VPS) schedules could be effective in controlling agricultural production and targeting program benefits to specific farm groups. The design of a VPS program would require determination of price schedules for farm-level production decisions that satisfy both farmer and program objectives. We applied a primal-dual mathematical programming model to the determination of a VPS program for production control of US corn, wheat, and soybeans. We show that government program costs under the VPS program would decline to $15 billion from $26.8 billion under a comparably scaled mandatory production control program. The program benefits to a 120-acre farm would increase 80 percent to $18,000 from $10,000 while the benefits to a 2,500-acre farm would fall 82 percent to $40,000. | |
| dc.identifier | doi:10.22004/ag.econ.138238 | |
| dc.identifier | https://ageconsearch.umn.edu/record/138238/files/4Huang_43_3.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/138238 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/579176 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/138238 | |
| dc.title | Determination of a Variable Price Support Schedule as Applied to Agricultural Production Control | |
| dc.type | Text |