Are Loan Deficiency Payments Too Low in Iowa?
研究爱荷华州玉米和大豆的贷款差额补贴率是否低于周边州，发现若采用其他州的补贴率（威斯康星州除外），爱荷华农民收入将显著增加。
As part of the Loan Deficiency Payment (LDP) program, when a county's posted county price (PCP) falls below the county's loan rate, the U.S. Department of Agriculture agrees to pay the producer the difference between the two. Because 1998 corn and soybean prices have fallen below the loan rate for the first time, grain farmers will now rely on LDPs for a significant proportion of their income. The authors examine the differences between loan rates for Iowa and surrounding states, and conclude that Iowa farmers would obtain significant income increases by using other states' LDP rates (with the exception of Wisconsin).