Stinson, Thomas F.; Coggins, Jay S.; Ramezani, Cyrus A. - Agricultural and Applied Economics Association - AAEA - 1998
The 1996 Farm Bill (FAIR) dramatically changed agricultural policy for producers of many commodities. A series of 7 annual decoupled payments replaced the deficiency-payment program. Option-pricing techniques are used to determine whether program benefits to corn producers are smaller or larger...