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Impacts of retaliatory tariffs on farm income and government programs

dc.contributor.authorWesthoff, Patrick
dc.contributor.authorDavids, Patricia (Tracey)
dc.contributor.authorMin Soon, Byung
dc.date.accessioned2020-05-14T07:27:53Z
dc.date.available2020-05-14T07:27:53Z
dc.date.issued2019
dc.description.abstractRetaliatory tariffs imposed by trading partners have had major impacts on U.S. commodity markets. As detailed in other articles in this theme issue, these tariffs have reduced U.S. exports and resulted in lower domestic commodity prices. These changes have important implications for farmers, taxpayers, and others with a stake in U.S. agriculture. We use estimates of the commodity market impacts of retaliatory tariffs to estimate implications for farm income, government farm program outlays, and other indicators. The results highlight the importance of considering effects that extend across markets, such as how a change in soybean exports and prices may affect producers of corn, chickens, and other commodities. They also provide a reminder that the current suite of farm policies includes a mix of countercyclical and procyclical programs.en_ZA
dc.description.departmentAgricultural Economics, Extension and Rural Developmenten_ZA
dc.description.librarianam2020en_ZA
dc.description.sponsorshipThe U.S. Department of Agriculture, Office of the Chief Economist, under Agreement #58-0111-18-024, and the USDA National Institute of Food and Agriculture, Hatch project number MO-HASS0024.en_ZA
dc.description.urihttps://www.jstor.org/journal/choicesen_ZA
dc.identifier.citationWesthoff, P., Davids, T. & Soon, B.M. 2019, 'Impacts of retaliatory tariffs on farm income and government programs', Choices, vol. 34, no. 4, pp. 1-8.en_ZA
dc.identifier.issn0886-5558 (print)
dc.identifier.issn2162-2884 (online)
dc.identifier.urihttp://hdl.handle.net/2263/74579
dc.language.isoenen_ZA
dc.publisherAgricultural and Applied Economics Associationen_ZA
dc.rights© 2019 Choices. All rights reserved.en_ZA
dc.subjectBilateral tradeen_ZA
dc.subjectCrop insuranceen_ZA
dc.subjectFarm commodity programsen_ZA
dc.subjectFarm incomeen_ZA
dc.subjectTariffsen_ZA
dc.subjectRetaliatory tariffsen_ZA
dc.subjectGovernment programsen_ZA
dc.titleImpacts of retaliatory tariffs on farm income and government programsen_ZA
dc.typeArticleen_ZA

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