A Production Entitlement Guarantee (PEG) program would replace existing agricultural policies with a program that would allow governments to subsidize only a fixed proportion of each farmer's historical production. World supply and demand conditions would determine the price farmers receive for...

Three alternatives for 1990 farm legislation are examined: (1) a continuation of current legislation; (2) small reductions in producer support levels that are phased in after a two-year delay; and (3) more significant policy reforms that include immediate support reductions for grains and...

International negotiations under the General Agreement on Tariffs and Trade (GATT) seek to set rules governing trade in agricultural products as well as a wide variety of other products and services. The outcome of the negotiations is uncertain at this time, but it seems that if there is to be...

The outlook for international agricultural commodity markets is very sensitive to changes in macroeconomic conditions, rates of productivity growth, and government policies. Baseline projections prepared by the Food and Agricultural Policy Research Institute in March 1988 assume moderate rates...

A dynamic multicountry, multicommodity model is used to evaluate the impact of a moderate General Agreement on Tariffs and Trade (GATT) agreement. The terms of this agreement are as follows. 1) Export subsidy quantities (using annual and price wedges) are reduced by 50 percent from the 1986-88...

Large-scale modeling systems have long been viewed as potentially valuable tools for evaluating farm policy. They have received increased attention in recent years, in part because of the added complexity of U.S. farm programs and the fuller integration of the U.S. farm sector with nonfarm...

A better understanding of the relationship between a state's agricultural sector and the national agricultural economy increases the ability of agricultural interest groups to anticipate and understand policy developments. This paper develops and documents a state-level model of the Iowa...

Current agricultural commodity programs affect the structure of U.S. agriculture in a variety of ways. An informal survey of participants in a conference concerning the structure of agriculture indicates a weak consensus among professionals that current programs increase the number of farms,...

The Commission of the European Community has proposed a restructuring of the Common Agricultural Policy (CAP) that is independent of the ongoing General Agreement on Tariffs and Trade (GATT) negotiations. This study analyzes the proposal in terms of the flexibility it would grant EC negotiators...

This report presents estimates of supply, demand, and price transmission elasticities for the U.S. crops sector. The estimates are derived from the U.S. crops model maintained by the Food and Agricultural Policy Research Institute (FAPRI) and are prepared in accordance with procedures stipulated...