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1 1 (December 11, 2023)

handle is hein.amenin/aeiaetx0001 and id is 1 raw text is: ... ... ....-. .. ..:: .. . .. .. .. . .....N ... .SMLYKI::::: it is Chrsmastime, even for economists focused on US agricultural policy and what should and should not be in a new farm bkill r us, seven schiolars and conributors to the .E .Monthly -arvest were asked to senid Sa:ta Claus their wish lists for policy changes that Congress should include in a :new 202.4 Farm Bill Each. author foeusec on a specific program or set of programs addressed in the current farm bill and related legislation. They also identified explicit changes in pol- icies that, if Congress were willing to implement them, would improve the effective ness and effcien:cy of the US agricultural secetor and the US economy-. Many of those changes would reduce adverse environmental impacts, use federal funds more effectively, and, by enhanmcig agrieuvtural produetvEity improve the resil- ience of the US food supply chain and moderate prices., therefore benefiting the roughly 330 million US citizens who buy and eat food evers day. Two major them.es run through the seven wish lists. First, in a new farm bill, C gress should use federal funds responsibly and e fcti vely, not in a profligate effort to satisfy and earner votes and other forms of support from veste d special farm and agribusi ness interest groups. Second, the focus should be on pro- grams that improve the agriultural sector's effiiencv, increasing not reducing) agricultural productivity, mit- igating adverse environental impacts as effectivehy as possible, and, as Christopher B. Barrett explicitly dis- cusses, contributing to national security. As Barry K. Go'dwhn puints out in his wish 11s4 which sets the tone for many of the changes reco mmended by other scholars, atLa time when the federal deficit is extraordiuarihy and arguably irresponsibly large (6 or percent of gross donestie product) C gress should be seizinrg ev'ery one of the many opporwnietis t;he farm bill offers to reduce wasteful spending. Barrett's wrsh list facuses on what is literally the en s- tential crisis for US agriculture: the collapse of U3 agri- cultural oroductivity growth over the past two decades, w.ni:cn has been directly linked to a corresponding sharp decline in federal funding for agricultural research and development. His wishes for subs'tan'ia, s ustamied, and effectively targeted increases in that funding from about S2. billion to $ billion or more reflects a wide- spreadl assessment that th.e US agricultural sector will be in serious trouble in the long run if action is not taken now. Further, such investments will nave major spillover ipacts on both US and global food systems, makaing sigvnfveant contributions to national security by reducing the impacts of hunger on domestic unrest and terrorism in low-income countries. Joseph W, Glauber's wish list is straightforward, All he wants for Christmas is a trade agenda with teeth that enables the World trade OrganLzation to operate effec- tivcly and expands market access for all. agricultural and other commodties, Atoing with almost all economists whfo care about US economic welfare and an economic environment that reduces the likelibood of international

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