An Initial Assessment of the Payment-in-Kind Program

Economic Research Service

United States Department of Agriculture

关键词: payment-in-kind;    PIK;    acreage reduction;    program costs;    farm income;    commodity prices;   

RP-ID  :  AP-039

学科分类：农业科学（综合）

美国|英语

来源: United States Department of Agriculture Publications

【 摘 要 】

Weak domestic demand, the first drop in exports in more than a decade, and large farm surpluses placed significant downward pressure on commodity prices and farm incomes and created the potential for large government outlays. The payment-in-kind (PIK) program was designed to idle substantial acreage without increasing government program costs. This report provides an assessment of the PIK program on production, prices, and incomes.