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Market impacts of Japanese rice policies with and without supply control

Author

Listed:
  • Nobuhiro Suzuki

    (Department of Agricultural Economics, Kyusyu University)

  • Harry M. Kaiser

    (Department of Agricultural, Resource, and Managerial Economics, Cornell University)

Abstract

An imperfect competition model for the Japanese rice market is developed to examine the impact of the current supply control policy used in Japan. The model simulates farm revenues with and without the current Acreage Reduction Program (ARP). The results indicate that the current ARP enhances farmers' revenue by 600 to 1,000 billion yen compared with the no supply control policy. Consequently, contrary to popular negative opinion regarding the ARP, rice farmers are benefiting from the current ARP. The market impacts of a loan rate system without the ARP are also investigated. The results indicate that if farmers' marketing organizations have some market power to restrict sales through diverting sales to the government, then a loan rate system would result in a relatively high price for farmers accompanied by modest government costs. © 1998 John Wiley & Sons, Inc.

Suggested Citation

  • Nobuhiro Suzuki & Harry M. Kaiser, 1998. "Market impacts of Japanese rice policies with and without supply control," Agribusiness, John Wiley & Sons, Ltd., vol. 14(5), pages 355-362.
    • Handle: RePEc:wly:agribz:v:14:y:1998:i:5:p:355-362
    DOI: 10.1002/(SICI)1520-6297(199809/10)14:5<355::AID-AGR2>3.0.CO;2-B
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    References listed on IDEAS

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    1. Appelbaum, Elie, 1982. "The estimation of the degree of oligopoly power," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 287-299, August.
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    Cited by:

    1. Takahashi, Daisuke & Honma, Masayoshi, 2009. "Evaluation of the Japanese Rice Policy Reforms under the WTO Agreement on Agriculture," 2009 Conference, August 16-22, 2009, Beijing, China 51421, International Association of Agricultural Economists.
    2. Daisuke Takahashi, 2009. "Quantitative evaluation of the Japanese rice policy reforms under the WTO agreement on agriculture," Economics Bulletin, AccessEcon, vol. 29(2), pages 712-725.
    3. Takahashi, Daisuke, 2012. "The distributional effect of the rice policy in Japan, 1986–2010," Food Policy, Elsevier, vol. 37(6), pages 679-689.

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