What if there's no farm bill?

What happens if Congress fails to pass a farm bill by October 1st? Not much, argues American Enterprise Institute (AEI) agricultural economist Vince Smith in a just-published post.

"[T]he sky won’t fall, Chicken Little will mend the bump on his head from the acorn, and U.S. agriculture, which the USDA predicts will earn record revenues and profits from its 2012 crops, livestock sales and government subsidies, will continue to enjoy a banner year."

Vince Smith is an AEI visiting fellow, a professor at Montana State University, and the director of AEI’s American Boondoggle: Fixing the 2012 Farm Bill project.

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About the Author

 

Vincent H.
Smith
  • Vincent H. Smith is Professor of Economics in the Department of Agricultural Economics and Economics at Montana State University and co-director of MSU’s Agricultural Marketing Policy Center. He received his Ph.D. from North Carolina State University in 1987 and his bachelor’s and master’s degrees from the University of Manchester in 1970 and 1971. Dr. Smith’s current research program examines agricultural trade and domestic policy issues, with a particular focus on agricultural insurance, agricultural science policy, domestic and world commodity markets, risk management, and agricultural trade policy. He has authored nine books and monographs and published over 100 articles on agricultural and other policy and economic issues. His work has been recognized nationally through multiple national awards for outstanding research programs. In 2008, he became a Distinguished Scholar of the Western Agricultural Economics Association. Currently he is a Visiting AEI Scholar and co-director of AEI’s agricultural policy initiative. Dr. Smith is married and he and his wife, Laura, have two children, Karen and Meredith.
  • Email: uaevs@montana.edu
  • Assistant Info

    Name: Neil McCray
    Phone: 2028625826
    Email: neil.mccray@aei.org

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Wednesday, April 23, 2014 | 12:00 p.m. – 1:30 p.m.
Graduation day: How dads’ involvement impacts higher education success

Join a diverse group of panelists — including sociologists, education experts, and students — for a discussion of how public policy and culture can help families lay a firmer foundation for their children’s educational success, and of how the effects of paternal involvement vary by socioeconomic background.

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Getting it right: A better strategy to defeat al Qaeda

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