The 2014 Farm Bill and the WTO
The 2014 farm bill reduced expected budgetary costs of US farm programs, according to estimates prepared by the Congressional Budget Office. Cost projections are very sensitive to market conditions and program participation assumptions, and stochastic analysis indicates that farm program costs could...
| Autores principales: | , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Wiley
2015
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/150290 |
| _version_ | 1855530488878333952 |
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| author | Glauber, Joseph W. Westhoff, Patrick |
| author_browse | Glauber, Joseph W. Westhoff, Patrick |
| author_facet | Glauber, Joseph W. Westhoff, Patrick |
| author_sort | Glauber, Joseph W. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The 2014 farm bill reduced expected budgetary costs of US farm programs, according to estimates prepared by the Congressional Budget Office. Cost projections are very sensitive to market conditions and program participation assumptions, and stochastic analysis indicates that farm program costs could easily differ from expected values by $5 billion or more in any given year. By replacing direct payments with new policies that make payments tied to market prices and yields, the bill could have important World Trade Organization (WTO) implications. If the new policies are classified as non‐commodity specific amber box support, projections indicate that existing WTO limits on the current Aggregate Measure of Support would not be exceeded on average, but could be under some market conditions. Furthermore, the new policies are very likely to exceed some WTO rules proposed by various parties in the Doha Round negotiations. |
| format | Journal Article |
| id | CGSpace150290 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1502902024-11-15T08:52:43Z The 2014 Farm Bill and the WTO Glauber, Joseph W. Westhoff, Patrick expenditure wto budgets subsidies The 2014 farm bill reduced expected budgetary costs of US farm programs, according to estimates prepared by the Congressional Budget Office. Cost projections are very sensitive to market conditions and program participation assumptions, and stochastic analysis indicates that farm program costs could easily differ from expected values by $5 billion or more in any given year. By replacing direct payments with new policies that make payments tied to market prices and yields, the bill could have important World Trade Organization (WTO) implications. If the new policies are classified as non‐commodity specific amber box support, projections indicate that existing WTO limits on the current Aggregate Measure of Support would not be exceeded on average, but could be under some market conditions. Furthermore, the new policies are very likely to exceed some WTO rules proposed by various parties in the Doha Round negotiations. 2015-05-15 2024-08-01T02:51:18Z 2024-08-01T02:51:18Z Journal Article https://hdl.handle.net/10568/150290 en Limited Access Wiley Glauber, Joseph W.; and Westhoff, Patrick. 2015. The 2014 Farm Bill and the WTO. American Journal of Agricultural Economics. 97(5): 1287-1297. https://doi.org/10.1093/ajae/aav023 |
| spellingShingle | expenditure wto budgets subsidies Glauber, Joseph W. Westhoff, Patrick The 2014 Farm Bill and the WTO |
| title | The 2014 Farm Bill and the WTO |
| title_full | The 2014 Farm Bill and the WTO |
| title_fullStr | The 2014 Farm Bill and the WTO |
| title_full_unstemmed | The 2014 Farm Bill and the WTO |
| title_short | The 2014 Farm Bill and the WTO |
| title_sort | 2014 farm bill and the wto |
| topic | expenditure wto budgets subsidies |
| url | https://hdl.handle.net/10568/150290 |
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