AGEC 429 (A+ Guaranteed)

Non-farm goals of ag. policy correct answers - have a large supply of food -eliminate hunger -reduce health hazards -preservation of land water for future why is ag a special place for gov't intervention? correct answers -famers considered low-income sector -ag is expected to face instabilit...

Share of Ag Trade correct answers - AG small % with Canada and Mexico Whether a policy is good or bad is in? correct answers The eye of the beholder or stakeholders Whether a policy or program is good or bad involved correct answers value judgments Policies change slowly as,,, correct answe...

Answer the following question as it relates to corn pay ments in the 2002 farm bill assuming: the target price is $4.00/bu the marketing loan rate is $2.50/bu the direct payment rate is $0.50/bu market price for com of $3.50/bu If the market price decreases by $1.25/bu to $2.25/bu, what would ...

How many cents to every $1.00 correct answers $0.10 cents Instability of Agriculture correct answers do policy because elected officials are trying to do something about that Political spectrum graph correct answers not if liberal, always liberal or if conservative, always conservative. BUT, i...

Ag policy tends to be evolutionary, not revoluationary correct answers -once a program is adopted, it tends to last a while with small changes to it -farmers are good at resisting change to policy -adjustments are often costly -wealth is affected (capitalization) -fear of the unknown Settl...

In the 1990 Farm Bill, the carrot and stick approach were used. What were the carrot and stick that were used and why were they used? correct answers Carrot: TP + Loan (TP, DP) Stick: Acreage Reduction Program (ARP) These factors were used because the carrot aspect (TP, DP) are incentive factors...

NCIS Focus Groups & Survey Results correct answers -strong indication that federal support for farmers and farms is important -general public knows very little about farm policy or crop insurance but are predisposed to understand and appreciate the issue -with only a basic knowledge of farm policy...

Yield Update correct answers This tool calculates values for PLC yields using yield histories for your units listed on the left. Base Acre Reallocation & PLC/ARC Decision Aid correct answers This tool helps you decide whether to reallocate your base acres and whether to choose PLC, ARC-C, or ARC-...

A lot of attention has been focused on the forces of change in agriculture. List one of the forces discussed in class and provide an example of how it acts as a force of change in agricultural policy. correct answers Globalization- US depends on trade It was mentioned in class that Senators often...

Why is it effective to get congress to act on passing farm bills? correct answers The 49 bill is effective at getting the new bill passed because if the new bill doesn't pass, then we revert to the '49 bill, which would allow commodities to have the same purchasing power as they did in (Parity pr...