Eight Texas High Plains cotton farms, ranging in size from 189 acres to 5,570 acres, were simulated under six alternative farm program provisions to determine the likely structural impacts of these programs. The results indicate mid-size farms benefit more from farm programs than either small or...

Over the next two decades a level of government involvement in agriculture comparable to that of the past two decades can be justified. Indigenous, cyclical, and secular characteristics of agriculture provide a strong defense of this position. Abandoning commodity programs would have adverse...