Exam 4: Analyzing Economic Consequences of Farm Safety Net Programs in the 2014 Farm Bill

Membership within _________________ is a means of diversifying and reducing the price volatility faced by any one producer.

The Marketing Assistance Loan Program (MALP) is

In the 2014 Farm Bill, the Dairy Product Donation Program (DPDP)

USDA's Risk Management Agency (RMA)

New taxes create consumptive and protective effects where net market value is completely lost to the entire economy. The tax policy is responsible for a net loss in efficiency, and we refer to this change as a deadweight loss. On the other hand, when subsidies are introduced into markets, the opposite effect occurs - the market experiences a net efficiency gain.

In the the 2014 Farm Bill, Cross-Compliance conservation policy applies to

Classified Pricing is

Shallow Loss Coverage

By law, the US Sugar Program cannot create a cost to the government.

The Dairy Margin Protection Program (DMPP)

Counter-cyclical programs are a primary component of the US farm financial safety net.

Supplemental Agricultural Disaster Assistance Programs

In the context of the 2014 Farm Bill, the term ""Cross-Compliance"" refers to

The Agriculture Risk Program (ARC) in the 2014 Farm Bill

The Price Loss Coverage (PLC) in the 2014 Farm Bill