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...

The purpose of this brief analysis is to consider the potential points of contact between a program of "green support" and the existing commodity programs in U.S. agriculture. These points of contact may take the form of conflict, complementarity, or neutrality. We shall assume initially that...

The new Farm Bill, the Federal Agricultural Improvement Act (FAIR) of 1996, contains numerous new provisions which mark important breaks with the past. In this brief summary, we will focus on three areas of potential interest to an international audience, first briefly detailing the changes,...

Countries cooperate in negotiating treaties. However, treaty compliance is noncooperative; signatories comply with treaties only if compliance leaves them better off than noncompliance. US and EC agricultural policies of 1986 are modeled through a noncooperative game. Bilateral treaties,...

A number of factors including budget pressures, emphasis on environmentally sensitive agriculture, emphasis on finding agricultural export markets, and anti-agricultural program sentiment have fueled a climate for change in United States agricultural policy. Whether significant changes will...