FAPRI Examination of Farm Bill Alternatives
William H. Meyers, Darnell B. Smith
May 1995 [95-BP 8]
This paper analyzes three program alternatives for the 1995 Farm Bill. The alternatives--no program, marketing loan, and revenue assurance--represent ''corner'' scenarios because their program emphases are based on different sets of philosophies about current farm problems, the future of production agriculture in the United States, and the evolution of rural communities. Across the three scenarios, the safety net configuration, especially income enhancement and risk sharing, shows considerable variation.
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