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The Food, Conservation, and Energy Act of 2008: Preliminary Analysis of Selected Provisions

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#08-08RepCov.indd www.fapri.missouri.edu FAPRI Food and Agricultural Policy Research Institute University of Missouri July 2008 FAPRI–MU Report #08-08 The Food, Conservation and Energy Act of 2008: Preliminary Analysis of Selected Provisions Published by the Food and Agricultural Policy Research Institute at the University of Missouri–Columbia, 101 Park DeVille Suite E; Columbia, MO 65203 in July 2008. FAPRI–MU is part of the College of Agriculture, Food and Natural Resources. http://www.fapri.missouri.edu Material in this publication is based upon work supported by the Cooperative State Research, Education and Extension Service; US Department of Agriculture, under Agreement No. 2006-34149-16987. Contact authors for FAPRI–MU Report #08-08 Pat Westhoff ([email protected]) and Scott Brown ([email protected]). Any opinion, fi ndings, conclusions, or recommendations expressed in this publication are those of the authors and do not necessarily refl ect the view of the US Department of Agriculture. Permission is granted to reproduce this information with appropriate attribution to the author(s) and the Food and Agricultural Policy Research Institute. For more information contact Pamela Donner ([email protected]). The Food, Conservation and Energy Act of 2008: Preliminary Analysis of Selected Provisions Report #08-08 Prepared by the Food and Agricultural Policy Research Institute The University of Missouri 101 Park DeVille Drive, Suite E Columbia, Missouri 65203 www.fapri.missouri.edu 573-882-3576 2 Summary The Food, Conservation and Energy Act (FCEA, the 2008 farm bill) modifies farm commodity and biofuel support policies and creates a new Average Crop Revenue Election (ACRE) program. This report provides preliminary analysis of impacts of selected FCEA provisions: • Increase in target prices and loan rates for several farm commodities • Reduction in the target pr

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