The new ACRE program: costs and effects

In 2010, many farmers will again choose between farm safety net programs offered by the U.S. government. They can remain in the more-familiar 2002 farm program, which protects against price declines and provides traditional direct payments. Or, they can enroll in the new Average Crop Revenue Election (ACRE) program, which protects against revenue shortfalls caused by falling prices or low yields. But ACRE requires farmers to give up a significant portion of their traditional 2002 farm program payments. Changing farm programs, especially ACRE, presents different costs and effects for not only farmers but taxpayers, too.

Lessons Learned in the Southern Region after the First Year of Implementation of the New Commodity Programs

The development of the commodity programs in the 2008 Farm Bill involved the origination of two complex revenue support initiatives. The two new programs, Average Crop Revenue Election (ACRE) and Supplemental Revenue Assurance (SURE), expanded the risk management tool kit of agricultural producers. The SURE program is a permanent disaster assistance program, whereas the ACRE program is a revenue-based commodity program offered as an alternative to the price-based Direct and Counter-Cyclical Program (DCP) created in the 2002 Farm Bill. For the 2009 signup, only 7.7% of eligible U.S. farms enrolled in the ACRE program. In the southern region, three states had no farms electing ACRE and four others had less than 50. Excluding Oklahoma, less than 1% of all farms in 13 southern states made the ACRE election.farm policy, Food Conservation and Energy Act of 2008, Average Crop Revenue Election Program (ACRE), Supplemental Revenue Assistance (SURE), Agribusiness, Agricultural and Food Policy, Community/Rural/Urban Development, Farm Management, Political Economy, Q1,

Annual Forage (AF) pilot program

The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311

Impact of United States Corn-Based Ethanol Production on Land Use

This study measures the impact of corn-based ethanol production in the United States on land use in other countries, or indirect land use. Indirect land use is a change from non-cropland to cropland (e.g. deforestation) that may occur in response to increasing scarcity of cropland. As farmers worldwide respond to higher crop prices in order to maintain the global food supply and demand balance, pristine lands are cleared and converted to new cropland to replace the crops for feed and food that were diverted elsewhere to biofuel production. The results show that increasing ethanol production in the US has a positive and significant relation to U.S corn price. However, U.S. corn price does not have a significant impact on changes in corn acreage in Brazil and other countries such as Canada, Japan and China. Although many authors have hypothesized that increased ethanol production in the U.S. will increase corn prices, which will result in increased change in land use in other countries, these results suggest that the effect is minimal at best. This is important because although production of ethanol for fuel is often criticized for negatively impacting the environment because of indirect land use, this study was unable to prove the existence of indirect land use.ethanol, indirect land use, Agricultural and Food Policy, Demand and Price Analysis, Land Economics/Use, Marketing,

EFFECTS OF CHANGES IN U.S. ETHANOL PRODUCTION FROM CORN GRAIN, CORN STOVER, AND SWITCHGRASS ON WORLD AGRICULTURAL MARKETS AND TRADE

The renewable energy industry continues to expand at a rapid pace. New advances in cellulosic ethanol technologies have the potential to reduce our dependency on foreign oil. The evolution of these new biofuel markets could have significant effects on future production levels, market prices, and world trade levels for various agricultural commodities. Alternative scenarios involving new biofuel technologies, primary factor availability, and government policy will result in very different outcomes for the agricultural economy. The interactions of current and new biofuel technologies, including conventional ethanol production (from corn grain) and cellulosic ethanol production (from corn stover and switchgrass), and the agricultural economy were examined in a general equilibrium framework. Various outcomes were examined with attention primarily focused on (1) trade offs among competing uses of agricultural commodities, (2) changes in the output of major agricultural producers competing with the U.S., (3) effects on the livestock industry, (4) profitability of the agricultural industry, (5) changes in input costs, including land rents, and (6) changes in land use patterns. Results indicated that advances in cellulosic ethanol technology led to less grain ethanol production and more stover ethanol production in the United States. The production of switchgrass ethanol was not economically feasible under any scenario, which was expected due to the availability of lower priced corn stover. Overall, it was expected that a decrease in the costs of cellulosic ethanol production would lead to a higher increase in total U.S. ethanol production than actually occurred. As a result, the effects on the world economy were smaller than expected

Pasture, Rangeland, Forage Insurance Program (PRF)

The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311

An Analysis of Cointegration: Investigation of the Cost-Price Squeeze in Agriculture

The differences in prices paid and prices received by farmers are examined using cointegration analysis. A Johansen cointegration test between prices paid and prices received revealed that the series were cointegrated. After accounting for technological change, we do not reject a long-run one-for-one correspondence between prices paid and prices received.Demand and Price Analysis,

Another farm bill expiration: How did we get here, what does it mean, and what happens now?

The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311

Food, Conservation, and Energy Act of 2008: Commodity program choice

The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311

Food Conservation and Energy Act of 2008: Disaster Assistance Programs

The Oklahoma Cooperative Extension Service periodically issues revisions to its publications. The most current edition is made available. For access to an earlier edition, if available for this title, please contact the Oklahoma State University Library Archives by email at [email protected] or by phone at 405-744-6311