Understanding the Economic Factors Influencing Farm Policy Preferences

Posted: 23 Feb 2003

See all articles by Keith H. Coble

Keith H. Coble

Mississippi State University - Department of Agricultural Economics

Thomas O. Knight

Texas A&M University - Department of Agricultural Economics

George F. Patrick

Purdue University - Department of Agricultural Economics

Alan E. Baquet

University of Nebraska at Lincoln - Institute of Agriculture and Natural Resources

Abstract

A survey conducted in Mississippi, Texas, Indiana, and Nebraska elicited producers' preferences for various farm policy changes. This permitted examination of the diversity of preferences that single-state studies have not allowed. Five policy choices, including deficiency payments, loan programs, crop insurance, export programs, and disaster payments were examined. Logit model results predicting producer preferences for each of the five dichotomous policy choices are reported. Explanatory variables based on expected utility theory such as risk aversion, price and yield variability, and price-yield correlation are significant in various models.

Suggested Citation

Coble, Keith H. and Knight, Thomas O. and Patrick, George F. and Baquet, Alan E., Understanding the Economic Factors Influencing Farm Policy Preferences. Review of Agricultural Economics, Vol. 24, pp. 309-321, 2002. Available at SSRN: https://ssrn.com/abstract=371449

Keith H. Coble

Mississippi State University - Department of Agricultural Economics ( email )

Box 5187
Mississippi State, MS 39762
United States

Thomas O. Knight (Contact Author)

Texas A&M University - Department of Agricultural Economics ( email )

College Station, TX 77843-4218
United States
409-845-1192 (Phone)
409-862-1563 (Fax)

George F. Patrick

Purdue University - Department of Agricultural Economics

West Lafayette, IN 47907-1145
United States

Alan E. Baquet

University of Nebraska at Lincoln - Institute of Agriculture and Natural Resources ( email )

1901 Vine Street
N300 Beadle Center
Lincoln, NE 68588
United States

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