Files
Abstract
Economic statistics can be used to inform policy as it is being designed, avoid
policy design mistakes, or implement government programs once they are established
into law. Oftentimes, statistics are used for all three purposes. This paper considers the
relationships between statistics and agricultural policy in the case of the United States.
We address first the broad historical picture of U.S. official economic statistics
concerning agriculture, and then turn to selected examples that relate policies to
economic statistics in more detail. The examples show diversity in the interplay between
statistics and policy. As policies have become broader in scope, addressing not only farm
commodity markets but also differences among farms and a widening set of activities on
farms, policymakers have asked for more detailed information about the financial
situation of individual farm businesses and households, sources of risk in farm returns,
and production practices that affect the environment.