Riding the Roller-Coaster - What's Next for US Farm Policy?
summary Changes in the balance of political power and in budgetary constraints create a roller- coaster in US agricultural policy with shifts between more and less government intervention, higher and lower spending, and more or less liberal approaches to international trade. The suspension of the WTO negotiations and the replacement of a Republican by a Democratic majority in the Congress have created a different political climate from the last Farm Bill in 2002. The economic picture is also very different with less public money to lavish on farmers and less pressure to spend, particularly since many farmers are benefiting from higher crop prices driven by rapidly expanding bio-energy production. With weak internal and external pressures for change, the new legislation is unlikely to depart radically from the 2002 Farm Act or to be crafted to accommodate future international commitments. There could be some movement away from price-based support to measures that target revenue, primarily because future payments are likely to be low if prices for farm products remain strong. But the policy roller-coaster is unlikely to promise an exciting ride for those who would like to see a change in priority from price and income support towards environmental and other aims and towards greater market orientation. Copyright The Agricultural Ecomomics Society and the European Association of Agricultural Economists 2007.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 6 (2007)
Issue (Month): 2 (August)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=1478-0917|
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=1478-0917|
When requesting a correction, please mention this item's handle: RePEc:bla:eurcho:v:6:y:2007:i:2:p:20-25. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.