Decoupled farm payments and expectations for base updating

Keith H. Coble, J. Corey Miller, M. Darren Hudson

Research output: Contribution to journalArticle

15 Scopus citations

Abstract

The degree to which U.S. farm programs are decoupled from production has been a central issue in recent trade disputes. Several authors have suggested producer expectations for base acreage and yield updating in future farm bills create an incentive to alter planting and input decisions. This article reports analysis of the subjective expectations of producers for base updating and an analysis of the effect these expectations have on producer willingness to accept a buyout of the right to update. On average, producers think the chances of updating in the next farm bill are about 40%, but less than 17% indicate adjusting acreage or yields in anticipation of updating.

Original languageEnglish
Pages (from-to)27-42
Number of pages16
JournalReview of Agricultural Economics
Volume30
Issue number1
DOIs
StatePublished - Mar 2008

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