Chapter 12, a special section in the bankruptcy code enacted in 1986 in response to the farm financial crisis, will expire on October 1, 1998. It has succeeded in keeping some farmers in business and has encouraged informal lender-farmer settlements out of court. But it has increased costs by...

With the current federal farm bill set to expire at the end of September this year, many proposals have been made to redesign the next bill. The objectives of this study are to compare the current policy with major proposed alternatives and estimate the potential payments of farmers under each...

This paper examines the impact of deficit reductions on agricultural price support spending, and proposes several policy innovations designed to remove agricultural programs from the entitlement category. First, agricultural program costs are analyzed in relation to deficit reduction...