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The New Century of Multi-Agriculturalism

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  • David Orden
  • Robert Paarlberg

Abstract

Two large issues face American agriculture in the 21st century. Commodity policy has erred by placing excessive regulations on prices and production levels, creating rent-seeking opportunities for some farm producers. Escaping the lingering adverse consequences of these market regulations remains a challenge, both at home and abroad. A new challenge will be to avoid an onerous reregulation of agriculture according to production methods, creating new rent-seeking opportunities. Diverse farm enterprises can prosper in the future if informed consumer choice is preserved within free and competitive food markets, but finding a policy framework to foster this desirable multi-agriculturalism will prove daunting.

Suggested Citation

  • David Orden & Robert Paarlberg, 2001. "The New Century of Multi-Agriculturalism," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 23(2), pages 289-301.
    • Handle: RePEc:oup:revage:v:23:y:2001:i:2:p:289-301.
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    File URL: http://hdl.handle.net/10.1111/1467-9353.00062
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