The US Agricultural Act of 2014: Overview and analysis

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cg.authorship.typesCGIAR single centreen
cg.coverage.countryUnited States
cg.coverage.iso3166-alpha2US
cg.coverage.regionNorthern America
cg.creator.identifierDavid Orden: 0000-0003-0677-6099
cg.identifier.projectIFPRI - Markets, Trade, and Institutions Division
cg.identifier.publicationRankNot ranked
cg.placeWashington, DCen
cg.reviewStatusInternal Reviewen
dc.contributor.authorZulauf, Carlen
dc.contributor.authorOrden, Daviden
dc.date.accessioned2024-08-01T02:51:57Zen
dc.date.available2024-08-01T02:51:57Zen
dc.identifier.urihttps://hdl.handle.net/10568/150463
dc.titleThe US Agricultural Act of 2014: Overview and analysisen
dcterms.abstractThis paper summarizes the evolutionary trends in US farm policy that have culminated in the 2014 farm bill, describes the new farm bill programs in depth, and highlights the key policy issues that arise and will play out over its planned five-year duration. This new US farm bill eliminates fixed direct payments made to farmers since 1996. In place of those payments, the 2014 farm bill strengthens protections against downside price and revenue risks. Crop insurance is enhanced as a pillar of the US farm safety net. In addition, new programs are enacted to address two types of loss: shallow losses that coincide with the deductible on individual farm insurance and losses resulting from multiple years of low prices or declining revenue that are not covered by insurance. Because of the lack of consensus on the design of assistance programs for such risks, farmers are given choices among several program options. The strengthened safety net will result in less certain annual support payments to farmers, with spending that could prove lower or higher than had the 2014 farm bill not been enacted.en
dcterms.accessRightsOpen Access
dcterms.bibliographicCitationZulauf, Carl and Orden, David. 2014. The US Agricultural Act of 2014: Overview and analysis. IFPRI Discussion Paper 1393. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/150463en
dcterms.extent68 pagesen
dcterms.isPartOfIFPRI Discussion Paperen
dcterms.issued2014
dcterms.languageen
dcterms.publisherInternational Food Policy Research Instituteen
dcterms.relationhttps://hdl.handle.net/10568/149929en
dcterms.relationhttps://www.ifpri.org/event/21st-century-agricultural-policiesen
dcterms.relationhttps://hdl.handle.net/10568/152662en
dcterms.relationhttps://hdl.handle.net/10568/150501en
dcterms.relationhttp://purl.umn.edu/189692en
dcterms.relationhttps://doi.org/10.1093/ajae/aav028en
dcterms.replaceshttps://ebrary.ifpri.org/digital/collection/p15738coll2/id/128802en
dcterms.subjectagricultural policiesen
dcterms.subjectsocial protectionen
dcterms.subjectconservation agricultureen
dcterms.subjectagricultural insuranceen
dcterms.subjectcrop insuranceen
dcterms.subjectwtoen
dcterms.subjectagricultural and rural legislationen
dcterms.subjecttrade agreementsen
dcterms.subjectsubsidiesen
dcterms.subjectsocial safety netsen
dcterms.subjectagricultural tradeen
dcterms.typeWorking Paper

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