In response to a request from Senator Tom Harkin, the Food and Agricultural Policy Research Institute (FAPRI) evaluated the effects of a uniform 10 percent reduction in program crop acreage in the United States. Specifically, FAPRI analyzed the effects on price, trade, consumption, and production in the eight program-crop markets and all related markets. FAPRI also investigated both the domestic and international implications of this reduction in U.S. planted area. In particular, FAPRI analyzed whether a decrease in U.S. production would be accommodated by a decrease in domestic use and inventories and corresponding changes in foreign production, use, and inventories.
Food and Agricultural Policy Research Institute; Babcock, Bruce A.; Beghin, John C.; Fuller, Frank H.; Fabiosa, Jacinto F.; Fang, Cheng; Hart, Chad E.; Matthey, Holger; and De Cara, Stéphane, "Impact of a 10 Percent Decrease in Planted Acreage of All U.S. Program Crops" (2001). CARD Briefing Papers. 21.