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Agricultural Price And Income Policy: A Need For Change

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  • ELMER W. LEARN

Abstract

Agricultural price and income policies operate within a framework established more than 50 years ago. This framework assumes that agriculture is dominated by “family farms,” and that the agricultural economy is relatively independent of international and other domestic economic considerations. Yet, the structure of the farm sector today differs greatly from that of 50 or even 20 years ago. The U.S. economy relies on international markets to dispose of 20 to 30 percent of U.S. agricultural output. These changes call for reorientation of U.S. farm policy.

Suggested Citation

  • Elmer W. Learn, 1986. "Agricultural Price And Income Policy: A Need For Change," Contemporary Economic Policy, Western Economic Association International, vol. 4(1), pages 49-61, January.
  • Handle: RePEc:bla:coecpo:v:4:y:1986:i:1:p:49-61
    DOI: 10.1111/j.1465-7287.1986.tb00833.x
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    References listed on IDEAS

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    1. Economic Research Service, 1985. "Possible Economic Consequences of Reverting to Permanent Legislation or Eliminating Price and Income Supports," Agricultural Economic Reports 307970, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Carter, Harold O. & Learn, Elmer W., 1986. "Expanding California Agricultural Trade to Pacific Rim Nations: A Long-Term Strategy," Agricultural Issues Center (AIC) Working Papers 228794, University of California, Davis, Department of Agricultural and Resource Economics.

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