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American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) >
2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/9699
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| Title: | Estimating the Costs of Revenue Deficiency Programs |
| Authors: | Cooper, Joseph |
| Keywords: | Domestic support
marketing loan benefits
counter-cyclical payments
disaster assistance
revenue support
corn
nonparametric
semi-nonparametric
bootstrap |
| Issue Date: | 2007 |
| Series/Report no.: | Selected Paper 172807 |
| Abstract: | This paper develops an approach to empirically demonstrate how the within-season distribution of U.S. domestic commodity support for corn differs between current-style approaches of support and revenue-based support. From a purely economic standpoint, the results show the revenue-based payment scenarios to be preferable at the national level to the uncoordinated forms of support currently in use, even in a situation where the annual mean payments are set equal across the support scenarios. For revenue-based support, the variability around the total expected annual payment is lower, and perhaps more importantly, the probability of high payments is lower. These results suggest advantages to this type of support, both in terms of lower budgetary uncertainty for producers and the Federal government and in meeting multilateral commitments for limiting spending on domestic commodity support. |
| URI: | http://purl.umn.edu/9699 |
| Institution/Association: | American Agricultural Economics Association>2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon |
| Total Pages: | 35 |
| Language: | English |
| Collections: | 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon
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| sp07co03.pdf | 386Kb | PDF | View/Open |
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