The US Agricultural Act of 2014: Overview and analysis
This paper summarizes the evolutionary trends in US farm policy that have culminated in the 2014 farm bill, describes the new farm bill programs in depth, and highlights the key policy issues that arise and will play out over its planned five-year duration. This new US farm bill eliminates fixed dir...
| Main Authors: | , |
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| Format: | Artículo preliminar |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
2014
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/150463 |
| _version_ | 1855539814116360192 |
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| author | Zulauf, Carl Orden, David |
| author_browse | Orden, David Zulauf, Carl |
| author_facet | Zulauf, Carl Orden, David |
| author_sort | Zulauf, Carl |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This paper summarizes the evolutionary trends in US farm policy that have culminated in the 2014 farm bill, describes the new farm bill programs in depth, and highlights the key policy issues that arise and will play out over its planned five-year duration. This new US farm bill eliminates fixed direct payments made to farmers since 1996. In place of those payments, the 2014 farm bill strengthens protections against downside price and revenue risks. Crop insurance is enhanced as a pillar of the US farm safety net. In addition, new programs are enacted to address two types of loss: shallow losses that coincide with the deductible on individual farm insurance and losses resulting from multiple years of low prices or declining revenue that are not covered by insurance. Because of the lack of consensus on the design of assistance programs for such risks, farmers are given choices among several program options. The strengthened safety net will result in less certain annual support payments to farmers, with spending that could prove lower or higher than had the 2014 farm bill not been enacted. |
| format | Artículo preliminar |
| id | CGSpace150463 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1504632025-11-06T07:22:25Z The US Agricultural Act of 2014: Overview and analysis Zulauf, Carl Orden, David agricultural policies social protection conservation agriculture agricultural insurance crop insurance wto agricultural and rural legislation trade agreements subsidies social safety nets agricultural trade This paper summarizes the evolutionary trends in US farm policy that have culminated in the 2014 farm bill, describes the new farm bill programs in depth, and highlights the key policy issues that arise and will play out over its planned five-year duration. This new US farm bill eliminates fixed direct payments made to farmers since 1996. In place of those payments, the 2014 farm bill strengthens protections against downside price and revenue risks. Crop insurance is enhanced as a pillar of the US farm safety net. In addition, new programs are enacted to address two types of loss: shallow losses that coincide with the deductible on individual farm insurance and losses resulting from multiple years of low prices or declining revenue that are not covered by insurance. Because of the lack of consensus on the design of assistance programs for such risks, farmers are given choices among several program options. The strengthened safety net will result in less certain annual support payments to farmers, with spending that could prove lower or higher than had the 2014 farm bill not been enacted. 2014 2024-08-01T02:51:57Z 2024-08-01T02:51:57Z Working Paper https://hdl.handle.net/10568/150463 en https://hdl.handle.net/10568/149929 https://www.ifpri.org/event/21st-century-agricultural-policies https://hdl.handle.net/10568/152662 https://hdl.handle.net/10568/150501 http://purl.umn.edu/189692 https://doi.org/10.1093/ajae/aav028 Open Access application/pdf International Food Policy Research Institute Zulauf, Carl and Orden, David. 2014. The US Agricultural Act of 2014: Overview and analysis. IFPRI Discussion Paper 1393. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/150463 |
| spellingShingle | agricultural policies social protection conservation agriculture agricultural insurance crop insurance wto agricultural and rural legislation trade agreements subsidies social safety nets agricultural trade Zulauf, Carl Orden, David The US Agricultural Act of 2014: Overview and analysis |
| title | The US Agricultural Act of 2014: Overview and analysis |
| title_full | The US Agricultural Act of 2014: Overview and analysis |
| title_fullStr | The US Agricultural Act of 2014: Overview and analysis |
| title_full_unstemmed | The US Agricultural Act of 2014: Overview and analysis |
| title_short | The US Agricultural Act of 2014: Overview and analysis |
| title_sort | us agricultural act of 2014 overview and analysis |
| topic | agricultural policies social protection conservation agriculture agricultural insurance crop insurance wto agricultural and rural legislation trade agreements subsidies social safety nets agricultural trade |
| url | https://hdl.handle.net/10568/150463 |
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