@article{Hoff:262023,
      recid = {262023},
      author = {Hoff, Frederic L.},
      title = {Honey: Background for 1995 Farm Legislation},
      address = {1995-04-01},
      number = {1473-2017-3837},
      series = {Agricultural Economic Report Number 708},
      pages = {38},
      year = {1995},
      abstract = {This report address considerations in the 1995 farm bill  debate for honey, including market conditions, policy  proposals, and the interactions between policy and markets  for selected commodities. The U.S. Government has supported  the price of honey since 1950 by providing market price  stability to honey producers to encourage them to maintain  honeybee populations sufficient to pollinate important  agricultural crops. When honey support prices moved above  the average domestic price in the early 1980s, domestic  producers found it profitable to forfeit their honey to the  Government while packers and industrial users imported  lower priced honey for domestic use. Changes made in the  program by the Food Security Act of 1985 reduced  forfeitures of honey to the Government and made domestic  honey competitive with imports. Consequently, imports  declined from 138.2 million pounds in 1985 to 55.9 million  in 1988. At the same time, Government takeover of forfeited  honey declined from 98 million pounds in 1985 to 1.1-3.2  million pounds from 1989 through 1992. Expenditures and  takeovers will decline even further in fiscal years 1994  and 1995 with amendments to the Appropriations Acts, which  eliminated deficiency payments and loan forfeitures for  1994 and 1995 crop honey.},
      url = {http://ageconsearch.umn.edu/record/262023},
      doi = {https://doi.org/10.22004/ag.econ.262023},
}