SOUTHERN FARMERS EXPOSURE TO INCOME RISK UNDER THE 1996 FARM BILL

Abstract

Arguably, since the 1930s, what farmers produced has been markedly influenced by farm programs. The 1996 farm bill affects farmers in terms of what they produce and their level of risk exposure. This paper investigates the farm level impacts of the 1996 farm bill on the South. Focus group perceptions of risk sources, observed acreage changes, and the farm level impact of increased price risk are evaluated.Agricultural and Food Policy, Agricultural Finance,