Impacts of Retaliatory Tariffs on Farm Income and Government Programs

Impacts of Retaliatory Tariffs on Farm Income and Government Programs

Eliminating retaliatory tariffs would increase U.S. agricultural exports and commodity prices. Considering cross-commodity effects and impacts on production expenses and farm bill programs, the estimated impact on net farm income is about $5 billion in 2020, less than the value of market facilitatio...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Choices (Ames, Iowa) Iowa), 2019-12, Vol.34 (4), p.1-8
Hauptverfasser: Westhoff, Patrick, Davids, Tracy, Soon, Byung Min
Format: Magazinearticle
Sprache:eng
Schlagworte:
Bilateral trade
Crop insurance
Farm commodity programs
Farm income
International Relations/Trade
Tariffs
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Eliminating retaliatory tariffs would increase U.S. agricultural exports and commodity prices. Considering cross-commodity effects and impacts on production expenses and farm bill programs, the estimated impact on net farm income is about $5 billion in 2020, less than the value of market facilitation program payments in 2018 and 2019.
ISSN:0886-5558
2162-2884
DOI:10.22004/ag.econ.301011