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Implications of the shift in United States farm policy

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  • Basco, Carlos
  • Delich, Valentina
  • Tussie, Diana
  • Buccellato, Iván

Abstract

This article sets out to describe the main features of the new farm legislation in the United States, assess the extent to which it conforms to World Trade Organization (WTO); rules, and provide a preliminary assessment of its impact on Latin America. The article first looks at the new United States Farm Security and Rural Investment Act of 2002, identifying the different mechanisms used to support the country's farm producers. It then analyses that Act, referred to hereinafter as the 2002 Farm Act, in the light of the rules established and the commitments made in the Uruguay Round of the General Agreement on Tariffs and Trade (GATT);. This is followed by an analysis of the possible impact of the new law on Latin American agriculture. Lastly, reference is made to recent developments in multilateral trade negotiations and the way they relate to the 2002 Farm Act.

Suggested Citation

  • Basco, Carlos & Delich, Valentina & Tussie, Diana & Buccellato, Iván, 2003. "Implications of the shift in United States farm policy," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    • Handle: RePEc:ecr:col070:10991
    Note: Includes bibliography
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    File URL: http://repositorio.cepal.org/handle/11362/10991
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    References listed on IDEAS

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    1. Gardner, Bruce L., 2002. "North American Agricultural Policies And Effects On Western Hemisphere Markets Since 1995, With A Focus On Grains And Oilseeds," Working Papers 28602, University of Maryland, Department of Agricultural and Resource Economics.
    2. Gardner, Bruce L., 2002. "U.S./Canadian Agricultural Policies And Effects On Western Hemisphere Markets Since 1995, With A Focus On Grains And Oilseeds," Working Papers 28577, University of Maryland, Department of Agricultural and Resource Economics.
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    Cited by:

    1. Sharma, S.K., 2014. "Counter-Cyclical Payments under Doha Negotiations: An Analysis of Agricultural Subsidy Programme of the US," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 27(2).

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