Participation in Federal Farm Commodity Programs

Keywords

federal farm, farm commodity, farm commodity programs, agricultural economics

Abstract

Price and income supports have long been a major component of U.S. agricultural policy. The Food and Agriculture Act of 1977 continued this tradition by providing for target prices and loan rates through 1981 for most major crops. The three key features of the commodity programs as established by the Act are deficiency payments, nonrecourse loans, and disaster payments. The programs are based on a two-tier price policy, using target and average market prices.

Original Publication Citation

Participation in Federal Farm Commodity Programs (with R. Kramer and R. Pope), California Agriculture, Volume 35, Numbers 5 and 6, May-June 1981.

Document Type

Peer-Reviewed Article

Publication Date

1981-05-01

Permanent URL

http://hdl.lib.byu.edu/1877/5936

Publisher

California Agriculture

Language

English

College

Family, Home, and Social Sciences

Department

Economics

University Standing at Time of Publication

Full Professor

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