Replaced with revised version of paper 07/29/10.

With increased pressures on today’s Federal Budget, there may be funding cutson agriculture programs. These cuts would certainly bring about increased concern as towhich programs and which crops take the biggest cut. A straight cut across the boardwill likely affect each commodity group...

The 1996 Federal Agricultural Improvement and Reform (FAIR) Act of 1996 has been portrayed as a radical departure from the farm policies of the past 60 years. FAIR brought sweeping institutional changes to the basic price and income support programs, many of which had been in place since the...

We design an experiment to simulate how people make agricultural production decisions under three policy scenarios, each incorporating direct payments (DPs): (a) price uncertainty without countercyclical payments (CCPs); (b) price uncertainty with CCPs; and (c) price uncertainty, CCPs, and...