The lack of a safety net for farm income in the FAIR Act has become evident in recent years because of the necessity of federal legislation each year, 1998-2001, to support farm income. In recent years, U.S. agriculture has experienced a rapid loss of mid-size family farms. The number of...

U.S. farm legislation is due to be updated in 2007, to become effective with the 2008 crop year. Major questions surround the role of environmental or conservation provisions in the new Federal farm bill. In this paper, I first present some background on the evolution of U.S....

Authorized by the 2008 Farm Act, the Average Crop Revenue Election (ACRE) program is the first revenue-based, income-support program that calculates payments using recent market prices and a producer’s actual plantings. The payments are triggered when a farm’s revenue and State revenue...

The efficient market hypothesis would suggest that stock prices incorporate the information revealed in the public process of creating legislation as the debate occurred. Thus, there should be no abnormal returns to agribusiness stocks on key legislative dates when drafting and altering the farm...

New revenue-based support programs in the 2008 Farm Bill represent a fundamental shift in farm programs and risk management decision-making. However, complexity, uncertainty, economics, and, arguably, an incomplete analysis of the new Average Crop Revenue Election (ACRE) program all contributed...

The National Corn Growers Association Public Policy Team’s Base Revenue Projection Program (BRP) and the Revenue Countercyclical Program (RCCP) were analyzed. The analysis was done for soybeans using the BRP-RCCP calculator, as developed by the National Corn Growers Association. Three...

The National Corn Growers Association Public Policy Team’s Base Revenue Projection Program (BRP) and the Revenue Countercyclical Program (RCCP) were analyzed. The analysis was done for spring wheat using the BRP-RCCP calculator, as developed by the National Corn Growers Association. Three...