Rice Trade Liberalization and Implications for U.S. Policy
AbstractThe U.S. government's rice program treats rice as a homogeneous commodity, even though rice's two primary subspecies, indica and japonica, are differentiated commodities in world markets. Trade liberalization under the Uruguay round of GATT is expected to increase demand for japonica more than for indica. We develop a U.S. rice model which treats rice as a differentiated product. U.S. government programs are modeled and trade liberalization scenarios are analyzed under alternative policies. Compared to the current policy, a more flexible U.S. policy that treats rice as a differentiated commodity could result in both higher farm incomes and lower government expenditures after trade liberalization. Copyright 1996, Oxford University Press.
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Bibliographic InfoArticle provided by Agricultural and Applied Economics Association in its journal American Journal of Agricultural Economics.
Volume (Year): 78 (1996)
Issue (Month): 4 ()
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- Fabiosa, Jacinto F., 2000. "Impact Of Gatt In The Functioning Of Agricultural Markets: An Examination Of Market Integration And Efficiency In The World Beef And Wheat Market Under The Pre-Gatt And Post-Gatt Regimes," 2000 Annual meeting, July 30-August 2, Tampa, FL 21868, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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