Federal farm programs for 1986-90. (includes glossary of terms used in farm policy and Commodity Credit Corp. programs)

From: Survey of Current Business | Date: April 1, 1986| Author: Wakefield, Joseph C. | Copyright information

Federal Farm Programs for 1986-90

For farm policymakers, as for individual farmers, expectations at the time of sowing are not always met by the harvest. For example, when the Agriculture and Food Act of 1981 was enacted in late December of that year, it was estimated to cost about $11 billion for the 1982-85 period. The act and its cost estimate were based on the expectation that the agricultural prosperity of the previous decade would continue. The expectation was not...

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