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Economic Perspectives, Vol. 9, No. November/December, 1985
Policy Options for Agriculture
Many farmers currently face severe financial stress resulting in asset liquidations, problems in obtaining credit and even bankruptcy. An important issue in policy analysis is the applicability of traditional farm policy approaches to the current situation. This is a particularly relevant issue because the 1983 Payment in Kind (PIK) program was one of the largest and most expensive government transfer programs for agriculture in recent history, and yet many farms are still facing severe financial problems.
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