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Welfare Effects Of Regulation In Lesotho'S Wheat Market

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  • van Schalkwyk, H. D.
  • van Zyl, J.
  • Doyer, O. T.

Abstract

Present marketing of wheat in Lesotho distort and imposes a heavy tax on the Lesotho economy. It puts upward pressure on producer and consumer prices, which results in welfare losses to consumers -including the majority of rural and agricultural households who are deficit producers of this commodity. The winners from these policies are the relatively small number of surplus producers and the three industrial mills enjoying some monopoly powers. It is recommended that the Government of Lesotho liberalize Lesotho's wheat market.

Suggested Citation

  • van Schalkwyk, H. D. & van Zyl, J. & Doyer, O. T., 1996. "Welfare Effects Of Regulation In Lesotho'S Wheat Market," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 35(4), December.
    • Handle: RePEc:ags:agreko:267993
    DOI: 10.22004/ag.econ.267993
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    References listed on IDEAS

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    1. Malcolm D. Bale & Bruce L. Greenshields, 1978. "Japanese Agricultural Distortions and Their Welfare Value," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(1), pages 59-64.
    2. Malcolm D. Bale & Ernst Lutz, 1981. "Price Distortions in Agriculture and Their Effects: An International Comparison," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 8-22.
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    1. Agricultural Economics Association of South Africa, 1996. "Back Matter," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 35(4), December.

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