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Forecasting the Counter-Cyclical Payment Rate for U.S. Corn: An Application of the Futures Price Forecasting Model

  • by Linwood Hoffman
  • 1/28/2005
  • FDS-05a01

Overview

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.

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  • Forecasting the Counter-Cyclical Payment Rate for U.S. Corn: An Application of the Futures Price Forecasting Model

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