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The U.S. Wheat And Corn Programs: Some Domestic Welfare And International Trade Implications

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Author Info
Carey, Kathleen
Abstract

This paper explores changes in traditional commodity programs from the perspective of domestic welfare. A theoretical model was developed which describes domestic welfare changes that follow from policies consistent with reductions in international price distortions. The model was applied to the 1985 Farm Bill. This provided an historical example of a policy change that simultaneously improves domestic welfare and reduces protectionism.

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File URL: http://purl.umn.edu/30361
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Publisher 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:30361

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Related research
Keywords: Agricultural and Food Policy; International Relations/Trade;

References listed on IDEAS
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  1. Lichtenberg, Erik & Zilberman, David, 1986. "The Welfare Economics of Price Supports in U.S. Agriculture," American Economic Review, American Economic Association, vol. 76(5), pages 1135-41, December. [Downloadable!] (restricted)
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This page was last updated on 2009-12-26.


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