Forecasting the Counter-Cyclical Payment Rate for U.S. Corn: An Application of the Futures Price Forecasting Model
by Linwood Hoffman
Outlook No. (FDS-05a01) 26 pp, January 2005
The 2002 Farm Act provides for counter-cyclical payments when prices are below specified levels. Producers and policy analysts have a need to forecast counter-cyclical payments to plan for these program benefits/outlays. A futures price forecasting model provides forecasts of the counter-cyclical payment rate for corn in conjunction with forecasts for the season-average price received.
Keywords: Corn, counter-cyclical payments, marketing, futures prices, producer price received, season-average price, forecasting
In this publication...
Need help with PDFs?
The Excel spreadsheet models for corn, soybeans, and wheat are available at Season-Average Price Forecasts