{"title":"Would More Rural Bank Access to Nonlocal Funds Provide Public Benefits","authors":"R. Collender","doi":"10.22004/AG.ECON.33669","DOIUrl":"https://doi.org/10.22004/AG.ECON.33669","url":null,"abstract":"Restructuring of U.S. banking markets has raised concerns that insufficient access to loanable funds will limit economic growth in some rural areas. Access to nonlocal funds can provide public benefits through enhanced competition and efficiency, but subsidized access to nonlocal funds can create economic distortions. Because most rural areas are served by few lenders, public benefits may be limited if additional access does not encourage new competition. Unsubsidized market mechanisms could address the liquidity, risk management, and competitive challenges that some small rural banks may face. At the same time, market mechanisms can promote efficiency-enhancing use of nonlocal funding and limit distortions.","PeriodicalId":320670,"journal":{"name":"Agricultural Information Bulletins","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131037017","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE 2002 FARM ACT: PROVISIONS AND IMPLICATIONS FOR COMMODITY MARKETS","authors":"P. Westcott, C. Young, J. Price","doi":"10.22004/AG.ECON.33745","DOIUrl":"https://doi.org/10.22004/AG.ECON.33745","url":null,"abstract":"The Farm Security and Rural Investment Act of 2002 (2002 Farm Act), which governs agricultural programs through 2007, was signed into law in May 2002. This report presents an initial evaluation of the new legislation's effects on agricultural commodity markets, based on sectorwide model simulations under alternative policy assumptions. The analysis shows that loan rate changes under the marketing assistance loan program of the 2002 Farm Act initially result in an increase in total planted acreage of eight major program crops. This increase in plantings, however, is relatively small (less than 1 percent), partly due to the inelasticity of acreage response in the sector. In the longer run, the simulations indicate that overall plantings of the eight program crops studied are lower under the 2002 Farm Act than under a continuation of the 1996 Farm Act. This result mostly reflects larger enrollment in the Conservation Reserve Program and increased plantings of dry peas and lentils, although planted acreage for the eight program crops is reduced by less than 0.6 percent. The effects of the 2002 Farm Act on the livestock sector and retail food prices are relatively small. Farm income is increased, mostly due to higher government payments to the sector under the new law.","PeriodicalId":320670,"journal":{"name":"Agricultural Information Bulletins","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121024362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"ANTIMICROBIAL DRUG USE AND VETERINARY COSTS IN U.S. LIVESTOCK PRODUCTION","authors":"K. Mathews","doi":"10.22004/AG.ECON.33695","DOIUrl":"https://doi.org/10.22004/AG.ECON.33695","url":null,"abstract":"Antimicrobial drugs are fed to animals at low levels to treat diseases, to promote growth, and to increase feed efficiency. Incorporating low levels of antimicrobial drugs in livestock feeds has been shown to be a factor stimulating the development of antimicrobial drug resistant bacteria in livestock. Since many of the drugs used to treat livestock are the same as or are related to drugs used in human health care, there is concern that resistant organisms may pass from animals to humans through the handling of animals or food derived from animals. The movement of pathogens from animals to humans, and vice versa, has been documented, but the extent to which it has occurred or could occur is unknown. Although it is estimated that as little as 10 percent of the problems of drug-resistant pathogens in humans originate in livestock health care practices, there is currently considerable debate about the frequency and costs of human disease outbreaks resulting from animals infected with drug-resistant pathogens. Several European countries have banned the growth-promoting use of antimicrobial drugs in livestock production as a precautionary measure to prevent resistant organisms from passing from animals to humans. This report presents preliminary estimates suggesting that discontinuing the use of antimicrobial drugs in hog production would initially decrease feed efficiency, raise feed costs, reduce production, and raise prices to consumers. Longer term effects were not examined.","PeriodicalId":320670,"journal":{"name":"Agricultural Information Bulletins","volume":"4 8","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133205197","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How Will Measures to Control Medicare Spending Affect Rural Communities","authors":"P. Frenzen","doi":"10.22004/AG.ECON.33613","DOIUrl":"https://doi.org/10.22004/AG.ECON.33613","url":null,"abstract":"The Federal Medicare program provides subsidized health insurance for one in every seven Americans. Medicare covers a higher proportion of rural than urban residents because rural residents are more likely to be elderly or disabled persons entitled to benefits. The rapid growth of Medicare expenditures has prompted legislative proposals to control the increase in spending. This report finds that the proposals may have a greater effect on rural than urban communities due to the higher proportion of Medicare beneficiaries in rural areas.","PeriodicalId":320670,"journal":{"name":"Agricultural Information Bulletins","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129843525","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Green Technologies for a More Sustainable Agriculture","authors":"J. Hrubovcak, U. Vasavada, Joseph E. Aldy","doi":"10.22004/AG.ECON.33721","DOIUrl":"https://doi.org/10.22004/AG.ECON.33721","url":null,"abstract":"For U.S. agriculture to continue along a sustainable path of economic development, further production increases must be generated by technologies that are both profitable and more environmentally benign. In this context, we assess the role of these green or sustainable technologies in steering agriculture along a more sustainable path. However, the lack of markets for the environmental attributes associated with green technologies can limit their development. In addition, simply making a technology available does not mean it will be adopted. Experience with green technologies such as conservation tillage, integrated pest management, enhanced nutrient management, and precision agriculture demonstrates that even when technologies are profitable, barriers to adopting new practices can limit their effectiveness.","PeriodicalId":320670,"journal":{"name":"Agricultural Information Bulletins","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127063131","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}