The strong economic performance of the U.S. cotton industry has been widely attributed to the 1985 Food Security Act (1985 FSA). These effects have been substantive. However, the devaluation of the dollar relative to other currencies was also important and its effects were substantial and...

U.S. farmers have for years relied on the financial support of both federally funded crop insurance and direct disaster assistance. Limits on availability of federal funds dictate that programs less costly to the government than disaster programs but more effective than past crop insurance...

For the uninitiated, the Mississippi Christmas Tree (MCT) is an elaborate and carefully designed business structure which is used to clothe a farming operation that seeks to maximize its receipts from certain commodity programs. Federal law limits payments to participants in certain farm...