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Abstract

This study investigates the implications of replacing current commodity programs for seven major U.S. field crops with programs styled after the Western Grain Stabilization Program (WGSP) found in Canada. These commodities are: barley, corn, cotton, rice, sorghum, soybeans, and wheat. Given the same external stimuli, computer model simulations to the year 1990 compare possible future producer net receipts for the above crops under three policy options: a continuation of present commodity programs, their elimination, and their elimination and replacement with a WGS-like program. Important points concerning each WGS-like program fund account and associated Government program costs are highlighted.

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