The political economy of the 2014 farm bill
This article assesses the political economy of the 2014 farm bill, which eliminated annual fixed direct payments but offers enhanced downside risk protection against low prices or declining revenue. The farm bill secured substantial bipartisan majorities in a politically contentious Congress. The co...
| Autores principales: | , |
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| Formato: | Conference Paper |
| Lenguaje: | Inglés |
| Publicado: |
Agricultural and Applied Economics Association
2015
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/150418 |
| _version_ | 1855534103623892992 |
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| author | Orden, David Zulauf, Carl |
| author_browse | Orden, David Zulauf, Carl |
| author_facet | Orden, David Zulauf, Carl |
| author_sort | Orden, David |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This article assesses the political economy of the 2014 farm bill, which eliminated annual fixed direct payments but offers enhanced downside risk protection against low prices or declining revenue. The farm bill secured substantial bipartisan majorities in a politically contentious Congress. The countercyclical structure of U.S. support is reaffirmed and crop insurance is enhanced as a safety net pillar. Open policy issues include the distribution of benefits among crops, the design of multiple year support around moving-average revenue benchmarks versus fixed references prices, and questions related to crop insurance, including the overall level of premium subsidies. In an international context, we conclude the 2014 farm safety net likely would not have been enacted had multilateral agreement been reached on the 2008 Doha Round negotiating documents; conversely, the 2014 farm bill makes achieving those limits more difficult. Orden, David; Zulauf, Carl R. |
| format | Conference Paper |
| id | CGSpace150418 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | Agricultural and Applied Economics Association |
| publisherStr | Agricultural and Applied Economics Association |
| record_format | dspace |
| spelling | CGSpace1504182025-11-06T07:08:05Z The political economy of the 2014 farm bill Orden, David Zulauf, Carl programmes commodities agricultural policies crop insurance conservation wto subsidies legislation This article assesses the political economy of the 2014 farm bill, which eliminated annual fixed direct payments but offers enhanced downside risk protection against low prices or declining revenue. The farm bill secured substantial bipartisan majorities in a politically contentious Congress. The countercyclical structure of U.S. support is reaffirmed and crop insurance is enhanced as a safety net pillar. Open policy issues include the distribution of benefits among crops, the design of multiple year support around moving-average revenue benchmarks versus fixed references prices, and questions related to crop insurance, including the overall level of premium subsidies. In an international context, we conclude the 2014 farm safety net likely would not have been enacted had multilateral agreement been reached on the 2008 Doha Round negotiating documents; conversely, the 2014 farm bill makes achieving those limits more difficult. Orden, David; Zulauf, Carl R. 2015-01-01 2024-08-01T02:51:46Z 2024-08-01T02:51:46Z Conference Paper https://hdl.handle.net/10568/150418 en Open Access application/pdf Agricultural and Applied Economics Association Orden, David; and Zulauf, Carl. 2015. The political economy of the 2014 farm bill. Paper prepared for the AAEA session on "The 2014 farm bill: An economic post mortem," at the Annual Meeting of the Allied Social Science Association (ASSA), January 3-5, 2015, Boston, Massachusetts. Milwaukee, WI, USA: Agricultural and Applied Economics Association (AAEA). https://purl.umn.edu/189692 |
| spellingShingle | programmes commodities agricultural policies crop insurance conservation wto subsidies legislation Orden, David Zulauf, Carl The political economy of the 2014 farm bill |
| title | The political economy of the 2014 farm bill |
| title_full | The political economy of the 2014 farm bill |
| title_fullStr | The political economy of the 2014 farm bill |
| title_full_unstemmed | The political economy of the 2014 farm bill |
| title_short | The political economy of the 2014 farm bill |
| title_sort | political economy of the 2014 farm bill |
| topic | programmes commodities agricultural policies crop insurance conservation wto subsidies legislation |
| url | https://hdl.handle.net/10568/150418 |
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