| 来源类型 | Report |
| 规范类型 | 报告 |
| Field of schemes: The taxpayer and economic welfare costs of shallow-loss farming programs | |
| Barry K. Goodwin; Bruce A. Babcock; Vincent H. Smith | |
| 发表日期 | 2012-05-30 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Key Findings Field of schemes: The taxpayer and economic welfare costs of shallow-loss farming programs Download PDF Depending on structure and crop prices, these programs could cost the taxpayer as much as or more than the direct payments program they would replace, averaging as much as $8 to $14 billion a year over the next five years. Payments would be automatically triggered by revenue shortfalls and would be linked to average revenues over the past five years. So, when prices and yields increase, payment triggers will also increase, creating a new, partially disguised entitlement program that locks farmers into near-record incomes at the taxpayer’s expense. Farmers would reap the benefits of record crop yields and prices. However, because a high percentage of revenues are guaranteed, farmers may adopt more risky farming techniques. If corn, wheat, soybean, rice, and cotton prices return to the average levels observed between 1996 and 2011, however, program costs will balloon. A county-based program would cost taxpayers between $8.4 and $13.98 billion, depending on the rate of reimbursement. The Stabenow-Roberts shallow-loss proposal would likely cost taxpayers between $5 billion and $7 billion, depending on the mix of farm-based and county-based programs. Shallow-loss subsidies, like direct payments and crop insurance subsidies, would be tied to the amount of land that households farm. Consequently, the largest and wealthiest farmers enjoy built-in buffers in the form of substantial equity in their farm operations (debt-to-asset ratios average less than 9 percent in the entire American agricultural sector). These individuals would receive the lion’s share of shallow-loss subsidy payments. Vincent H. Smith is a professor of economics at Montana State University and a visiting scholar at the American Enterprise Institute. Bruce A. Babcock is a professor of economics at Iowa State University. Barry K. Goodwin is the William Neil Reynolds Professor of Agricultural Economics at North Carolina State University. |
| 主题 | American Boondoggle ; Public Economics |
| 标签 | American taxpayers ; farm bill ; Farm subsidies ; Policy Papers |
| URL | https://www.aei.org/research-products/report/field-of-schemes-the-taxpayer-and-economic-welfare-costs-of-shallow-loss-farming-programs/ |
| 来源智库 | American Enterprise Institute (United States) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/205781 |
| 推荐引用方式 GB/T 7714 | Barry K. Goodwin,Bruce A. Babcock,Vincent H. Smith. Field of schemes: The taxpayer and economic welfare costs of shallow-loss farming programs. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| -field-of-schemes-th（1362KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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