Table
of Contents
Freedom
To Farm: A Comparison of What We Were
Told To Expect and What Happened
Introduction
Premises
and Expectations
Premises
and Expectations
Net
Corn Trade for China: Actual and Projections, 1994-2005
U.S.
Corn Exports: Actual and Projections, 1993-2005
Prices
peak before first crop year of 1996 Farm Bill
Low
Prices Don’t Trigger Large Increases In Demand
Exports
Not Affected Much By Price Changes
U.S.
Share of World Exports
PPT
Slide
Exports
Not Affected Much By Price Changes
PPT
Slide
Wheat
Area European Union, and U.S. Price (1996=100)
Limited
Ability To Adjust Production In The Short-Run
Indexed
Crop Acreage and Price with Adjustments
Limited
Ability To Adjust Production In The Short-Run
Limited
Ability To Reduce Grain Production In The Long-Run
1999
Net Farm Income and Government Payments
1999
Government Payments as a Percent of Net Farm Income
1999
Net Farm Income as a Percent of 1990-1998 Average
Net
Cash Income for 8 Major Crops
Government
Outlays by Source, 1994-2001
So
Expected Results Did Not Occur Because…
PPT
Slide
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