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The Complexities of the Interface between Agricultural Policy and Trade

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Author Info

  • Schmitz, Troy G.
  • Schmitz, Andrew

Abstract

Tariff and non-tariff barriers are widespread as applied to agricultural trade. The theory of gains from trade considers the impacts of free trade relative to no trade and to non-tariff barriers, while the theory of agricultural policy generally places little weight on the international trading sector. However, it is necessary to combine agricultural policy with the international trading sector so that agricultural policy instruments such as price supports are considered together with barriers to trade such as tariffs. This is possible within the context of welfare economics when considering the costs and benefits of alternative agricultural and trade policies.

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File URL: http://purl.umn.edu/120424
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Bibliographic Info

Article provided by Estey Centre for Law and Economics in International Trade in its journal Estey Centre Journal of International Law and Trade Policy.

Volume (Year): 13 (2012)
Issue (Month): 1 ()
Pages:

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Handle: RePEc:ags:ecjilt:120424

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Related research

Keywords: agricultural policy; biofuels; export taxes; gains from trade; tariffs; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Environmental Economics and Policy; International Relations/Trade; Political Economy; Production Economics;

References

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  1. Du, Xiaodong & Hayes, Dermot J., 2010. "The Impact of Ethanol Production on U.S. And Regional Gasoline Markets," Staff General Research Papers 31483, Iowa State University, Department of Economics.
  2. Hochman, Gal & Sexton, Steven E. & Zilberman, David D., 2010. "The economics of trade, biofuel, and the environment," CUDARE Working Paper Series 1100, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
  3. Schmitz, Andrew & Schmitz, Troy G. & Seale, James L., Jr., 2004. "The Optimal Processor Tariff Under the Byrd Amendment," Technical Papers 15638, University of Florida, International Agricultural Trade and Policy Center.
  4. Schmitz Andrew & Moss Charles B. & Schmitz Troy G., 2007. "Ethanol: No Free Lunch," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 5(2), pages 1-28, December.
  5. Schmitz Andrew & Schmitz Troy G., 2010. "Benefit-Cost Analysis: Distributional Considerations under Producer Quota Buyouts," Journal of Benefit-Cost Analysis, De Gruyter, vol. 1(1), pages 1-15, July.
  6. Xiaodong Du & Dermot J. Hayes, 2008. "Impact of Ethanol Production on U.S. and Regional Gasoline Prices and on the Profitability of the U.S. Oil Refinery Industry, The," Center for Agricultural and Rural Development (CARD) Publications 08-wp467, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  7. James Vercammen & Andrew Schmitz, 1992. "Supply Management and Import Concessions," Canadian Journal of Economics, Canadian Economics Association, vol. 25(4), pages 957-71, November.
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