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[英文文献] The 2002 U.S. Farm Act: Implications Of Base Updating [推广有奖]

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风险控制管理666 发表于 2005-10-14 12:56:34 |AI写论文

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英文文献:The 2002 U.S. Farm Act: Implications Of Base Updating
英文文献作者:Westcott, Paul C.,Skully, David W.,Young, C. Edwin,Hoffman, Linwood A.
英文文献摘要:
The 2002 Farm Act allowed farm owners to update base acres for direct payments (DPs) and counter-cyclical payments (CCPs) and to update yields for counter-cyclical payments. A minority, about 40 percent, of the 1.9 million enrolled farms choose to update their base acres using 1998-2001 plantings; of these updating farms about three-fourths updated their payment yield for CCPs. Producers with rice and cotton base had a strong economic incentive to maximize base acres for those crops, either by retaining previous base acres if they had shifted to production of alternative crops or by increasing base if they had expanded rice or cotton plantings. Research findings support the hypothesis that base designation reflects payment maximization criteria.
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