Forecasting the Counter-Cyclical Payment Rate for U.S. Corn: An Application of the Futures Price Forecasting Model
By Linwood Hoffman
Outlook Report No. (FDS05a01) 26 pp,
January 2005
The 2002 Farm Act provides for counter-cyclical payments when prices are below specified levels. Producers and policy analysts have a need to forecast counter-cyclical payments to plan for these program benefits/outlays. A futures price forecasting model provides forecasts of the counter-cyclical payment rate for corn in conjunction with forecasts for the season-average price received.
Keywords: Corn, counter-cyclical payments, marketing, futures prices, producer price received, season-average price, forecasting
In this report ... Chapters are
in Adobe Acrobat PDF format.
The Excel spreadsheet models for corn, soybeans, and wheat are available at Season-Average Price Forecasts.
Updated date: January 28, 2005
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