Regional Distribution of Farm-Level Impacts from Acreage Set-Asides, The
Bruce A. Babcock
December 2000 [00-WP 263]
Babcock, B.A. 2000. "Regional Distribution of Farm-Level Impacts from Acreage Set-Asides, The." Working paper 00-WP 263. Center for Agricultural and Rural Development, Iowa State University.
The question of whether the United States should once again authorize acreage set-asides will be addressed now that Congress has decided to hold hearings about a possible early rewrite of farm policy. Questions about the impact of acreage set-asides on farm income and national policy goals will need to be answered. This paper takes an initial look at three pertinent questions: (1) What impact will acreage set-asides have on the prices of corn, soybeans, and wheat? (2) What would be the differential farm-level impacts of set-asides across regions? And (3) How might acreage controls work with existing marketing loans?