effects of 1996 farm legislation on feed and food grains

The 1996 Federal Agricultural Improvement and Reform (FAIR) Act of 1996 has been portrayed as a radical departure from the farm policies of the past 60 years. FAIR brought sweeping institutional changes to the basic price and income support programs, many of which had been in place since the 1930s....

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Bibliographic Details
Published in:Contemporary economic policy 1998, Vol.16 (1), p.69-76
Main Authors: Smith, V.H, Glauber, J.W
Format: Article
Language:English
Subjects:
Agricultural economics
Agricultural policy
Agricultural production
Agricultural subsidies
Agriculture
Analysis
Commodities
commodity prices
crop acreage
crop prices
Crops
Farm Bill
farm income
federal government
Federal legislation
feed grains
Feed industry
Feeds
Flexibility
Food
food grains
Fruits
governmental programs and projects
Grain
Grain industry
Laws, regulations and rules
Legislation
Oryza sativa
Planting
Reforms
Rice
Studies
Transfer payments
Triticum
Wheat
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Summary:The 1996 Federal Agricultural Improvement and Reform (FAIR) Act of 1996 has been portrayed as a radical departure from the farm policies of the past 60 years. FAIR brought sweeping institutional changes to the basic price and income support programs, many of which had been in place since the 1930s. Close analysis reveals that many of the reforms of the FAIR Act are less revolutionary innovations and more continuations of reforms that began with the 1985 farm legislation and were extended by the 1990 farm bill. Nor should one believe that the changes will result, as some suggest, in large changes in crop acreages or have large effects on the year-to-year variability offarm revenues for these crops. In both cases, the changes in policies may be substantive, but their effective consequences are modest.
ISSN:1074-3529
1465-7287
DOI:10.1111/j.1465-7287.1998.tb00501.x