Monthly vector autoregressions of corn, farm broiler, and retail broiler prices were estimated for 1956:1-1968:12 (early period) and 1973:1-1985:11 (recent period), and then validated 36 months beyond each sample. Statistically significant evidence suggests that the dynamic manner in which corn...

By changing marginal prices and therefore production incentives, removal of government payments will result in a re-allocation of factors of production as farm households pursue alternative economic opportunities. At the economy-wide level these impacts are small, but closer inspection reveals...