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An evaluation of the 1981 farm program for crops: implications for the 1985 Farm Bill

An evaluation of the 1981 farm program for crops: implications for the 1985 Farm Bill

Southern Journal of Agricultural Economics 16(1): 27-40

The cornerstone of the 1977 and 1981 US Farm Bills for crops is a buffer stock-supply management programme involving the farmer-owned reserve and acreage adjustment instruments. Among the several reasons normally cited for adopting this type of programme are price and income stability. However, recent swings in commodity prices, net farm income and government programme costs have stimulated widespread interest in farm programme redesign and modification in 1985.

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