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Market-Oriented Agriculture: The Declining Role of Government Commodity Programsin Agricultural Production Decisions

机译:以市场为导向的农业:政府商品计划在农业生产决策中的作用下降

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The portion of U.S. agricultural production covered by government income supportpayments has declined over the span of the last two 5-year farm acts. Consequently, nongovernmental supply and demand factors (market forces) are becoming more important in influencing farmers' production decisions. The report illustrates how agricultural supply has moved toward greater reliance on market forces (market orientation) by examining the declining role of government commodity programs for corn, wheat, rice, and upland cotton. Payment coverage ratios, which measure the percentage of expected production covered by deficiency payments (income support payments made by the Federal Government to producers of certain agricultural commodities), have decreased.

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