Trade And The Political Economy Of Agricultural Policy: The Case Of The United States Peanut Program
NAFTA and GATT will dramatically alter regulations protecting U.S. peanut markets and will allow foreign producers considerable access to domestic market. Traditionally, the political economy surrounding peanut policy has been favorable to domestic producers. Rising peanut butter imports, decreasing domestic demand, and possibly the inadvertent effects of domestic policy, ironically implemented to protect domestic producers, have contributed to significant increases in Treasury costs. These increased Treasury costs have dramatically changed the political climate surrounding the peanut program. In this light, the effects of GATT appear manageable; NAFTA may ultimately require major policy reform. Possible alternatives are presented.
Volume (Year): 27 (1995)
Issue (Month): 02 (December)
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- Foster, William E. & Babcock, Bruce A., 1993.
"Commodity Policy, Price Incentives, And The Growth In Per-Acre Yields,"
Journal of Agricultural and Applied Economics,
Southern Agricultural Economics Association, vol. 25(01), July.
- Foster, William E. & Babcock, Bruce A., 1993. "Commodity Policy, Price Incentives, and the Growth in Per-Acre Yields," Staff General Research Papers 10583, Iowa State University, Department of Economics.
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