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Impact of Farm Program Payments on Biofuel Sector: Implications for Structural Change

Impact of Farm Program Payments on Biofuel Sector: Implications for Structural Change. Charles B. Moss, Ashok K. Mishra , and Tyler Mark. Introduction. Coals to Newcastle – Review of agricultural policy regimes. Before the Brennan Plan Crop allotments Post Brennan Plan

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Impact of Farm Program Payments on Biofuel Sector: Implications for Structural Change

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  1. Impact of Farm Program Payments on Biofuel Sector: Implications for Structural Change Charles B. Moss, Ashok K. Mishra, and Tyler Mark

  2. Introduction • Coals to Newcastle – Review of agricultural policy regimes. • Before the Brennan Plan • Crop allotments • Post Brennan Plan • Target Price/Deficiency Payments • Commodity Credit Corporation • Program Base Acres • FAIR 1996 • AMTAPs or PFC • LDP • Reduced the linkage to base acres

  3. FSRI • Maintained several features of the FAIR with respect to base acres • FCE • Continued the FSRI

  4. p1y1+p2y2+p3y3-wx-l[f(y,x,a)] p1f(x1)a1+p2f(x2)a2+p3f(x3)a3-wx+m(aT-a1-a2-a3) (p1+t1)f(x1)a1+p2f(x2)a2+p3f(x3)a3-wx+m(aT-a1-a2-a3)+k(a1*-a1) [(p1+t1)f(x1)-w]=[p2f(x2)-w]=[p3f(x3)a3-w]=m a1*>a1

  5. Change in Southern Agriculture

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