Potential Farm Bill Provisions and Analysis

Table of Contents

Potential Farm Bill Provisions and Analysis

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

Low Prices Don’t Trigger Large Increases In Demand

Exports Not Affected Much By Price Changes

U.S. Share of World Exports

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Exports Not Affected Much By Price Changes

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Argentine Soybean Complex

Argentine Soybean Complex

Brazilian Soybean Complex

U.S. Soybean Complex

Soybean Complex Ending Stock

Wheat Area European Union, and U.S. Price(1996=100)

Crop Acreage

Crop Acreage

Limited Ability To Adjust Production In The Short-Run

Indexed Four Crop Acreage, Price and Price Adjusted for LDP and Contract Payments

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 ofNet Farm Income

Draft Farm Bill Concept Paper

Program Crops

Fixed, Decoupled Payments(AMTA)

Counter-Cyclical Payments(Variable AMTA)

Acreage Update

Payment Yields

Marketing Loan Provisions(LDPs and MLGs)

Proposed Rates and Prices

Conservation Security Act

Conservation Security Program

Conservation Security Program Tier I

Conservation Security Program Tier II

CSP Tier III

Other Possibilities

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