Effects of U.S. Commodity Programs on Farm Growth PDF Download
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Author: Chrispen Sukume
Publisher:
ISBN:
Category : Agricultural price supports
Languages : en
Pages : 364
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Book Description
The U.S. farm sector has undergone dramatic structural change during the past fifty years, a chief result being that the number of large farms has increased relative to the number of small farms. Numerous agricultural policies have been instituted, with the partial objective of preserving the family farm. At the same time, a number of studies have attempted to ascertain the contribution of various forces, including farm programs, toward the observed changes in average farm size. These studies have tended to concentrate on aggregate effects, ignoring farm-level and dynamic effects of program and nonprogram factors on farm growth. The present study overcomes such limitations by utilizing a farm-level dynamic growth model which links consumption, production, and investment decisions. Steady-state comparative static and local comparative dynamic analysis of the dynamic model solutions indicate qualitative effects of program and nonprogram factors on farm growth. Simulation of quantitative effects are conducted on econometric estimates of the dynamic model solutions, using Kansas wheat farm data. Empirical results show that set-aside-percentage-type instruments (required and voluntary set-aside percentages) induce longrun net equity increases in small farms and longrun net equity decreases in large farms. In both size classes, set-aside instruments increase longrun land holdings, the increases being greater in larger than in smaller farms. After considering effects on rented land, the effect of set-aside-type instruments on overall scale of operation is negligible. Payment-rate-type instruments (per-acre deficiency, voluntary and paid diversion payment rates) increase longrun net equity and consumption in both small and large farms. They lead to longrun land ownership increases in small farms and decreases in large farms. However, they lead also to increases in rented land, the increase being greater in larger than in smaller farms. Net effect on scale of operation is nonsignificant. Finally, nonprogram factors affect growth also. Technical change increases net equity and landholding in large farms more than in small farms. In both large and small farms, increases in prices of land's substitutes, lead to net equity increases, whereas increases in prices of complements reduce net equity. In the longrun, output price increases encourage consumption and reduce net equity.
Author: Chrispen Sukume
Publisher:
ISBN:
Category : Agricultural price supports
Languages : en
Pages : 364
Get Book Here
Book Description
The U.S. farm sector has undergone dramatic structural change during the past fifty years, a chief result being that the number of large farms has increased relative to the number of small farms. Numerous agricultural policies have been instituted, with the partial objective of preserving the family farm. At the same time, a number of studies have attempted to ascertain the contribution of various forces, including farm programs, toward the observed changes in average farm size. These studies have tended to concentrate on aggregate effects, ignoring farm-level and dynamic effects of program and nonprogram factors on farm growth. The present study overcomes such limitations by utilizing a farm-level dynamic growth model which links consumption, production, and investment decisions. Steady-state comparative static and local comparative dynamic analysis of the dynamic model solutions indicate qualitative effects of program and nonprogram factors on farm growth. Simulation of quantitative effects are conducted on econometric estimates of the dynamic model solutions, using Kansas wheat farm data. Empirical results show that set-aside-percentage-type instruments (required and voluntary set-aside percentages) induce longrun net equity increases in small farms and longrun net equity decreases in large farms. In both size classes, set-aside instruments increase longrun land holdings, the increases being greater in larger than in smaller farms. After considering effects on rented land, the effect of set-aside-type instruments on overall scale of operation is negligible. Payment-rate-type instruments (per-acre deficiency, voluntary and paid diversion payment rates) increase longrun net equity and consumption in both small and large farms. They lead to longrun land ownership increases in small farms and decreases in large farms. However, they lead also to increases in rented land, the increase being greater in larger than in smaller farms. Net effect on scale of operation is nonsignificant. Finally, nonprogram factors affect growth also. Technical change increases net equity and landholding in large farms more than in small farms. In both large and small farms, increases in prices of land's substitutes, lead to net equity increases, whereas increases in prices of complements reduce net equity. In the longrun, output price increases encourage consumption and reduce net equity.
Author: John Rosine
Publisher:
ISBN:
Category :
Languages : en
Pages : 590
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Book Description
Author: Steve Martinez
Publisher: DIANE Publishing
ISBN: 1437933629
Category : Social Science
Languages : en
Pages : 87
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Book Description
This comprehensive overview of local food systems explores alternative definitions of local food, estimates market size and reach, describes the characteristics of local consumers and producers, and examines early indications of the economic and health impacts of local food systems. Defining ¿local¿ based on marketing arrangements, such as farmers selling directly to consumers at regional farmers¿ markets or to schools, is well recognized. Statistics suggest that local food markets account for a small, but growing, share of U.S. agricultural production. For smaller farms, direct marketing to consumers accounts for a higher percentage of their sales than for larger farms. Charts and tables.
Author: United States. Congress. House. Committee on Agriculture. Subcommittee on General Farm Commodities
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 190
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Book Description
Author: Harold O. Carter
Publisher:
ISBN:
Category : Agricultural innovations
Languages : en
Pages : 356
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Book Description
Author: Robbin Shoemaker
Publisher:
ISBN:
Category : Agricultural resources
Languages : en
Pages : 12
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Book Description
Author: United States. Congress. House. Committee on Agriculture. Subcommittee on General Farm Commodities
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
Distributed to some depository libraries in microfiche.
Author: Randall Arnold Kramer
Publisher:
ISBN:
Category :
Languages : en
Pages : 444
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Book Description
Author: United States. Department of Agriculture. Commodity Economics Division
Publisher:
ISBN:
Category : Agricultural price supports
Languages : en
Pages : 84
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Book Description
Author: Daniel A. Sumner
Publisher: Routledge
ISBN: 0429713371
Category : Law
Languages : en
Pages : 216
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Book Description
This book attempts to contribute to a fuller understanding of perennial issues underlying farm problems and agricultural policies in the United States thus contributing to better projections of policy effects, to better forecasts of policy changes, and perhaps to better policy for agriculture.