Impact of a 10 Percent Decrease in Planted Acreage of All U.S. Program Crops
May 2001 [01-BP 33] FAPRI Staff, Bruce A. Babcock, John C. Beghin, Frank H. Fuller, Jacinto F. Fabiosa, Cheng Fang, Chad E. Hart, Holger Matthey, Stephane De CaraSuggested citation:
FAPRI Staff,, B.A. Babcock, J.C. Beghin, F.H. Fuller, J.F. Fabiosa, C. Fang, C.E. Hart, H. Matthey, and S. De Cara. 2001. "Impact of a 10 Percent Decrease in Planted Acreage of All U.S. Program Crops." Briefing paper 01-BP 33. Center for Agricultural and Rural Development, Iowa State University.
Abstract
In response to a request from Senator Tom Harkin, the Food and Agricultural Policy Research Institute (FAPRI) evaluated the effects of a uniform 10 percent reduction in program crop acreage in the United States. Specifically, FAPRI analyzed the effects on price, trade, consumption, and production in the eight program-crop markets and all related markets. FAPRI also investigated both the domestic and international implications of this reduction in U.S. planted area. In particular, FAPRI analyzed whether a decrease in U.S. production would be accommodated by a decrease in domestic use and inventories and corresponding changes in foreign production, use, and inventories.