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Goals and Realities for Farm Policy
3Practical Policy Alternatives for the 1995 Farm Bill
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1995 farm bill acreage reduction programs adverse selection agricul Agricultural Economics agricultural policy agricultural R&D agricultural research agricultural trade areas base baseline benefits budget changes Commodity Credit Corporation commodity programs consumers corn costs credit subsidies Crop Insurance Program dairy deficiency payments demand domestic effects efficient environmental export subsidies externalities Farm Credit System farm income farm programs Farmer Mac Federal Crop Insurance flex acres food aid food safety funds goals grams important incentives increase industry inputs insurance contracts Journal of Agricultural land legislation loan rate losses market failure market price ment million moral hazard nonrecourse loans outlays output participation peanut percent premium price supports problems production program crop put option quantity quota recent reduce reform regulation revenue insurance ricultural risk rural sector sugar target tariff tion tobacco trade policy tural U.S. agricultural United Uruguay Round agreement USDA wheat