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Daryll E. Ray

Whether the next farm bill is a slightly modified extension of the 1996 Farm Bill or is significantly different from the current bill will hinge on how the 1996 Farm Bill is perceived to have performed. With no supply management provisions in the 1996 Farm Bill, the crop markets have not shown a capacity to self correct by reducing the quantity supplied and increasing the demand in response to relatively large declines in crop prices.

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