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

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  • 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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  • Carey, Kathleen, 1992. "The U.S. Wheat And Corn Programs: Some Domestic Welfare And International Trade Implications," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(1), pages 179-186, July.
    • Handle: RePEc:cup:jagaec:v:24:y:1992:i:01:p:179-186_02
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