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Regulation in the U.S. Rice Industry, 1965–89

Author

Listed:
  • Gail L. Cramer
  • Eric J. Wailes
  • Bruce Gardner
  • William Lin

Abstract

A partial equilibrium framework is used to estimate the deadweight loss arising from government intervention in the U.S. rice market in order to protect domestic producers. The efficiency of the rice program is compared to other grain programs. Deadweight losses relative to taxpayer and consumer costs from rice programs in recent years were only slightly higher compared to the same measure associated with major commodity programs. The primary source of deadweight losses in rice programs result from set-asides. The potential savings from completely decoupling the rice program are estimated to reach $387 million for 1987.

Suggested Citation

  • Gail L. Cramer & Eric J. Wailes & Bruce Gardner & William Lin, 1990. "Regulation in the U.S. Rice Industry, 1965–89," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(4), pages 1056-1065.
    • Handle: RePEc:oup:ajagec:v:72:y:1990:i:4:p:1056-1065.
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    File URL: http://hdl.handle.net/10.2307/1242637
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    Cited by:

    1. Bullock, David S. & Garcia, Philip & Shin, Kie-Yup, 2005. "Measuring producer welfare under output price uncertainty and risk non-neutrality," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(1), pages 1-21.
    2. David S. Bullock & Klaus Salhofer & Jukka Kola, 1999. "The Normative Analysis of Agricultural Policy: A General Framework and Review," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(3), pages 512-535, September.

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