Stabilization Operations of the Commodity Credit Corporation

Shepherd, Geoffrey

doi:10.2307/1231966

Cited by 2 publications

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“…The designers of the CCC remembered the dismal experience of the Federal Farm Board and hence were eager to ensure higher effectiveness of stabilisation: as a matter of experiment, new features (loan differentials) were introduced to address grade and location specifics of the farm economy. In the case of grades this proved workable (Shepherd, 1942). However, the attempts to tinker with loan rates to increase prices well above market clearing level were not successful, with stabilisation stocks and CCC financial losses growing to threatening levels (Note 5).…”

Section: Agricultural Policy Experimentationmentioning

confidence: 99%

Framing and Experimentation in Economic Policy: The Case of the New Deal Agricultural Regulation

Trofimov¹

2012

ASS

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The problems of sub-optimality and instability of the policy regime (agricultural policy regime in the USA in the 1920-1940s as a specific case) as well as the uneasy relationship between practical policy making and economic theory are examined from framing and experimentation perspectives. It is shown that policy formulation is an open-ended process (that eventuates in a unique configuration of mechanisms and underlying institutions), guided by political acceptability and social appropriateness logics, with stable policy outcomes critically dependent on the presence of the consensually held policy frames. Regarding optimality problem, a less restrictive procedural criterion to evaluate policies is advanced

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Section: Agricultural Policy Experimentationmentioning

confidence: 99%

Framing and Experimentation in Economic Policy: The Case of the New Deal Agricultural Regulation

Trofimov¹

2012

ASS

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“…This agency was responsible for refinancing loans and extending farm mortgage loans to farmers. This act assisted in solidifying a subsidiary-based American farm policy provided by agencies like the Commodity Credit Corporation, the Federal Emergency Relief Administration, the Farmers Home Administration, and the Farm Service Agency (Harding, 1946;Hopkins, 1936;Shephard, 1942;Williams, 1939). Although subsidy programs benefitted many small-scale farmers they did not stop the push towards the increasing commercialization of American agriculture.…”

Section: Remarkmentioning

confidence: 99%

"Upside down from the word go" : Kentucky's black farmers speak out on the issue of land loss."

Wright¹

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The decline of black farmers and black-owned farmlands is an ever worsening problem. Though their numbers neared one million at the start of the 20 th century, the most recent account of black farmers states that there are only 30,599 left in America (Census of Agriculture, 2007). The purpose of this study is to understand the experiences and perspectives of black farmers in Kentucky regarding factors that contribute to land loss. Participants in this exploratory study were gathered using convenience and snowball sampling techniques. Each farmer owned land in Central and Eastern Kentucky counties. This study discovered that contrary to popular arguments, the farmers did not report that economies of scale or racial discrimination, contributed to land loss. However, patterns of racial discrimination did emerge as a factor that farmers had to negotiate in their farm operations and sales. Land loss was closely associated with real estate sales and lack of interest among rural youth in farming and/or rural lifestyles. A limit to this study is its small sample size; yet, despite this shortcoming, this research is an entry point for assessing and learning about Kentucky's black farmers, their lives, and their perspectives on land loss. VI

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Stabilization Operations of the Commodity Credit Corporation

Cited by 2 publications

References 0 publications

Framing and Experimentation in Economic Policy: The Case of the New Deal Agricultural Regulation

Framing and Experimentation in Economic Policy: The Case of the New Deal Agricultural Regulation

"Upside down from the word go" : Kentucky's black farmers speak out on the issue of land loss."

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