Asked by elizabeth mccloskey on Jun 26, 2024
Verified
What are the major provisions of the Freedom to Farm Act of 1996?
Freedom to Farm Act
Legislation aimed at reducing government restrictions on farming, allowing farmers more freedom in deciding what crops to plant and how to manage their land.
- Assess the implications of public policy on the economic aspects of agriculture, focusing on price supports and subsidies.
Verified Answer
CI
Christine IdrovoJun 28, 2024
Final Answer :
The Freedom to Farm Act ended price supports and acreage allotments for wheat, corn, barley, oats, sorghum, rye, cotton, and rice. Farmers were allowed to respond to changing crop prices by planting as much or as little of these crops as they chose. To ease the transition away from price supports, the law established declining annual payments through the year 2002, but those payments were not tied to crop prices or the current crop produced.
Learning Objectives
- Assess the implications of public policy on the economic aspects of agriculture, focusing on price supports and subsidies.
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