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  farm & commodity policy

U.S. agricultural programs for wheat, feed grains, cotton, rice, oilseeds, sugar, peanuts, and dairy are designed to enhance and stabilize agricultural prices and farm income. ERS analyzes existing and proposed agricultural policies and programs, such as direct and counter-cyclical payments, marketing assistance loans, price support programs, and export programs.


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The 2002 Farm Bill: Provisions and Economic Implications presents an overview of the Act and a side-by-side comparison of 1996-2001 farm legislation and the 2002 Act. For selected programs, links are provided to additional analyses of key changes, program overview, and economic implications.

The 2002 Farm Act: Provisions and Implications for Commodity Markets provides an initial assessment of the legislation's effects on agricultural production, commodity markets, and net farm income over the next 10 years. Results indicate that commodity market impacts are fairly small. Net farm income is projected higher than under a continuation of the 1996 Farm Act, largely reflecting an increase in government payments.

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updated: November 15, 2002

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