Campus Units

Economics

Document Type

Article

Publication Version

Published Version

Publication Date

2001

Journal or Book Title

Choices

First Page or Article ID Number

38

Last Page

41

Abstract

Despite a largely merited reputation for thrift, farmers in the United States do nor generally save for bad times. In contrast, Canada encourages farmer saving by matching their deposits and providing interest rare bonuses. In Australia, a relatively new program allows farmers to defer rates on savings deposits in good years so the savings can be withdrawn at lower rares during poor years. Although Congress has debated farmer savings concepts off and on since 1996, the United States has nor yer implemented a specific farmer savings account program. However, a savings program may emerge, either in the 2002 Farm Bill debate or as part of a broader package. We describe four possible savings account concepts to show the potential role that farmer savings incentives might play in future U.S. farm policy.

Comments

This is an article from Choices Third Quarter (2001): 38-41.

Rights

Works produced by employees of the U.S. Government as part of their official duties are not copyrighted within the U.S. The content of this document is not copyrighted.

Language

en

File Format

application/pdf

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