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Trade And The Political Economy Of Agricultural Policy: The Case Of The United States Peanut Program

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  • Borges, Robert B.
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    Abstract

    NAFTA and GATT will dramatically alter regulations protecting U.S. peanut markets and will allow foreign producers considerable access to domestic market. Traditionally, the political economy surrounding peanut policy has been favorable to domestic producers. Rising peanut butter imports, decreasing domestic demand, and possibly the inadvertent effects of domestic policy, ironically implemented to protect domestic producers, have contributed to significant increases in Treasury costs. These increased Treasury costs have dramatically changed the political climate surrounding the peanut program. In this light, the effects of GATT appear manageable; NAFTA may ultimately require major policy reform. Possible alternatives are presented.

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    Bibliographic Info

    Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

    Volume (Year): 27 (1995)
    Issue (Month): 02 (December)
    Pages:

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    Handle: RePEc:ags:joaaec:15267

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    Web page: http://www.saea.org/jaae/jaae.htm
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    Keywords: Agricultural policy; GATT; NAFTA; Peanuts; Trade; Agricultural and Food Policy; International Relations/Trade;

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    1. Foster, William E. & Babcock, Bruce A., 1993. "Commodity Policy, Price Incentives, And The Growth In Per-Acre Yields," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, Southern Agricultural Economics Association, vol. 25(01), July.
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    Cited by:
    1. Devkota, Shankar & Holcomb, Rodney B. & Taylor, Merritt J. & Epplin, Francis M., 2006. "Economically Feasible Crop Production Alternatives to Peanuts in Southwestern Oklahoma," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida, Southern Agricultural Economics Association 35377, Southern Agricultural Economics Association.
    2. Skully, David W., 1999. "The Economics Of Trq Administration," Working Papers 14584, International Agricultural Trade Research Consortium.
    3. Mohanty, Samarendu & Beghin, John C. & Kaus, Phillip J., 2001. "Impacts Of Federal Support Programs For Sugar And Peanuts Compared To Corn And Wheat On U.S. And World Markets," 2001 Annual meeting, August 5-8, Chicago, IL 20610, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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