Question

What are all the different US. Farm Policies?

and which one do you think is the best?

Answer 1

Different US farm policies are shown below -

The Agricultural Marketing Act of 1929 created the Federal Farm Board, which tried to raise crop prices by buying up and stockpiling production. That did not work, and after spending $500 million this early agricultural boondoggle was abolished in 1933.

Congress enacted many farm programs during the 1930s, including commodity price supports, supply regulations, import barriers, and crop insurance. These programs have been expanded, modified, and added to over the decades, but the central planning philosophy behind farm programs has not changed. U.S. farm policies remain stuck in the past, despite the ongoing economic harm and taxpayer costs.

Between the 1940s and the 1980s, Congress considered farm policy reforms occasionally, usually when commodity prices were high, but then reverted to subsidy expansions when prices were lower.

In the 1980s the Reagan administration proposed cuts to farm subsidies, but farm finances took a bad turn, and that prompted Congress to increase farm aid, not reduce it.

In 1996 Congress enacted reforms under the “Freedom to Farm” law, which allowed farmers greater flexibility in planting and increased reliance on market supply and demand. But Congress reversed course in the late 1990s, and it passed a series of supplemental farm subsidy bills. As a result, subsidies over the seven years of the 1996 farm bill ended up costing more than double what had been promised.

In 2008 Congress overrode a presidential veto to enact farm legislation that added further subsidies. The law created a permanent disaster aid program and added a revenue protection program for farmers to lock in profits from high commodity prices. It added a sugar‐​to‐​ethanol program to keep sugar prices artificially high, and it added new subsidies for “specialty crops” such as fruits and vegetables.

In 2014 Congress passed another huge farm bill. The bill changed the structure of subsidies, but it did not cut the overall level of benefits. The law ended the direct payment program, the countercyclical program, and a couple of other smaller programs. But it expanded the largest farm subsidy program — crop insurance — and it added two new subsidy programs, the Agriculture Risk Coverage (ARC) program and the Price Loss Coverage (PLC) program.

According to me Law created in 2008 was the best one as to have programs and consideration to fight with the permanent disasters in the US.