The 1996 Farm Bill, now known as the FAIR (Federal Agricultural Improvement and Reform) Act of 1996, has been portrayed as reforming U.S. agricultural policy. Gone are set aside and base acreage controls over farm planting decisions. Gone, too, are deficiency payment programs that provided...

The Global Food Price Crisis of 2007-2011 had mixed effects on the poor in developing nations. By some estimates, the Crisis lifted nearly 24 million poor farmers out of poverty; however, it also cast 68 million net food buyers into poverty. In this paper, we analyze the distributional impacts...