For most Iowa farmers the euphoria of 1996 has been replaced with the gloom of 1998. The prospect of rising farm incomes buoyed by expanding export markets, innovative technological developments, and market-oriented farm and trade policies seem almost a sure bet a year or so ago. Farmers understood that increase income volatility and lower safety nets would require that greater attention be paid to managing risk. But trading increase income for, increased risk exposure seem to many like areasonable bargain ~ particularly in view; ofthe fart that agriculture's dwindling political clout could notmaintain a generous subsidy program forfarmers
Jolly, Robert W. and Vontalge, Alan, "How Many Iowa Commercial Farm Businesses Will Survive Until 2000?" (1998). Economic Staff Paper Series. 308.