Impacts of retaliatory tariffs on farm income and government programs
dc.contributor.author | Westhoff, Patrick | |
dc.contributor.author | Davids, Patricia (Tracey) | |
dc.contributor.author | Min Soon, Byung | |
dc.date.accessioned | 2020-05-14T07:27:53Z | |
dc.date.available | 2020-05-14T07:27:53Z | |
dc.date.issued | 2019 | |
dc.description.abstract | Retaliatory 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.department | Agricultural Economics, Extension and Rural Development | en_ZA |
dc.description.librarian | am2020 | en_ZA |
dc.description.sponsorship | The 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.uri | https://www.jstor.org/journal/choices | en_ZA |
dc.identifier.citation | Westhoff, 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.issn | 0886-5558 (print) | |
dc.identifier.issn | 2162-2884 (online) | |
dc.identifier.uri | http://hdl.handle.net/2263/74579 | |
dc.language.iso | en | en_ZA |
dc.publisher | Agricultural and Applied Economics Association | en_ZA |
dc.rights | © 2019 Choices. All rights reserved. | en_ZA |
dc.subject | Bilateral trade | en_ZA |
dc.subject | Crop insurance | en_ZA |
dc.subject | Farm commodity programs | en_ZA |
dc.subject | Farm income | en_ZA |
dc.subject | Tariffs | en_ZA |
dc.subject | Retaliatory tariffs | en_ZA |
dc.subject | Government programs | en_ZA |
dc.title | Impacts of retaliatory tariffs on farm income and government programs | en_ZA |
dc.type | Article | en_ZA |