Participation in Federal Farm Commodity Programs
federal farm, farm commodity, farm commodity programs, agricultural economics
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.
BYU ScholarsArchive Citation
Kramer, Randall A.; Pope, Rulon; and Gardner, B. Delworth, "Participation in Federal Farm Commodity Programs" (1981). Faculty Publications. 3124.
Family, Home, and Social Sciences
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