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Estimates Of Government Intervention Levels In U.S. Peanut Markets

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Author Info

  • Miller, Bill R.
  • Mabbs-Zeno, Carl C.

Abstract

Unilateral liberalization of U.S. peanut policy was evaluated using a model of U.S. and world peanut supply and demand. Under the proposed policy, world peanut price would rise slightly to $.20 per pound at the U.S. farm level. U.S. production would decline by 578 million pounds per year and would be offset by imports of 582 million pounds. U.S. net farm income would fall by $405 million per year. Lost income per farm would be $21,000 per year while the average outlay of consumers would decrease by $.84 per person at farm level price. Government expenditures would be virtually unchanged because of the market orientation of current policy.

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File URL: http://purl.umn.edu/30353
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Bibliographic Info

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

Volume (Year): 24 (1992)
Issue (Month): 01 (July)
Pages:

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Handle: RePEc:ags:sojoae:30353

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Web page: http://www.saea.org/jaae/jaae.htm
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Related research

Keywords: Agricultural and Food Policy;

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Cited by:
  1. Boonsaeng, Tullaya & Fletcher, Stanley M. & Carpio, Carlos E., 2008. "European Union Import Demand for In-Shell Peanuts," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 40(03), December.

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