Analysis of NFU's Loan Rate Provisions and a Farmer-Owned Reserve Program

Abstract

In response to Congressional requests, the Food and Agricultural Policy Research Institute (FAPRI) is preparing an analysis of the agricultural policies similar to those included in the National Farmer's Union's (NFU) testimony presented to the House Committee on Agriculture. The results presented in this document are divided into two parts. First, the impacts of the loan rate provisions and elimination of fixed payments are analyzed. Second, a variation of the Farmer-Owned Reserve (FOR) is added to the loan rate provisions. Analysis of other provisions such as the voluntary land idling will be presented in subsequent reports.