Loan Deficiency Payments or the Loan Program?
比较了美国联邦两种价格支持计划(贷款差额补贴和传统贷款计划),帮助玉米和大豆生产者根据现有信息选择最优方案。
Low marked prices for corn and soybeans have triggered two federal price support programs: (1) a Loan Deficiency Payment (LDP) that pays producers the difference between county-level prices and that county's loan rate on a date chosen by the producer and (2) a traditional loan program whereby the producer puts grain in storage and uses the grain as collateral on a loan. Producers may enroll in either program, but not in both. Therefore, the authors discuss three choices using existing information to suggest which choice is likely to be the best response.