Please answer these questions: 1- What is farm bill? 2- When was the farm bill e
ID: 1146851 • Letter: P
Question
Please answer these questions: 1- What is farm bill? 2- When was the farm bill established and what was the major purpose of the first farm bill? 3- What are the characteristics of the US Agricultural Policy? 4- What are the major approaches used by these past farm bills achieve their objectives?list at least three. 5- over time, US agricultural policy moves away from direct intervention in markets to support measures more decoupled from actual production to insurance programs. Is this true or false? 1- What is farm bill? 2- When was the farm bill established and what was the major purpose of the first farm bill? 3- What are the characteristics of the US Agricultural Policy? 4- What are the major approaches used by these past farm bills achieve their objectives?list at least three. 5- over time, US agricultural policy moves away from direct intervention in markets to support measures more decoupled from actual production to insurance programs. Is this true or false?
1. INTRODUCTION United States has supported the farm sector through a myriad of policies affecting prices, production, d farm incomes. While at least some intervention in agricultural markets dates back to the early days of republic (for example, tariff policies), most farm policies have their roots in the New Deal legislation icies that largely began as temporary stabilization measures to improve farm income relative to other sectors of the economy in the 1930s have persisted to the present. Althou of US policy can broadly be characterized as a move away from direct intervention in markets through purchases and supply control to support measures more decoupled from actual production and to insurance programs where producers explicitly contribute to protection through premium payments, many of the types of measures in place during the 1930s continue in some form in 2015 US policy still depends on some tariffs to provide support to producers. Some US programs have elements that supplement domestic demand, extend export demand, reduce supplies, and provide subsidies for some inputs. And while many would argue that these policies are less distortive to production and trade (Orden and Zulauf 2015), the level of support to the sector remains relatively large Total spending for producer support programs, conservation programs, and crop insurance is estimated to be more than $200 billion over fiscal years (FYs) 2016 through 2025 (CBO 2016). For mandatory nutrition programs the estimate exceeds $1.0 trillion. This paper examines the development of US agricultural policy and considers how it has affected consumers and producers both within and outside the United States. Section 2 gives a brief historical overview of the development of agricultural policy in the United States. The paper then presents a typology of agricultural support policies with particular emphasis on current US programs. In the fourth section we provide an analysis of how programs have affected producers, consumers, and taxpayers over time. We also give consideration to how US programs affect foreign producers and consumers within the context of the United States' obligations under the World Trade Organization (WTO). Conclusions are offered in the final section
Explanation / Answer
Answer 1:
The farm bill is the primary agricultural and food policy tool of the government of the United States. it is passed in every for five years and addresses all the agricultural and food issues. and deals mainly with agriculture and food programs.
Some of the main programs included in the farm bill of 2014 are farm commodity price and income support, agricultural conservation, farm credit, research, rural development, bio energy, foreign food aid and domestic nutrition assistance. The 2014 farm bill is the most recent farm bill.