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World Agricultural Markets: Implications for U.S. Food and Agricultural Policy

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  • White, T. Kelley

Abstract

In the absence of agricultural policy, the behavior of the agricultural sector is dictated by market forces. Any agricultural policy, other than one of “hands off—let the market forces rule,†is dependent upon programmatic tools which in one way or another attempt to interfere or modify behavior of the sector. If it is government's objective to design and implement a set of programs which will distort market behavior so as to achieve policy goals with minimum negative side effects, it is essential that policymakers understand the kind of market environment within which the U.S. farm sector exists and how this market is likely to behave, given alternative interferences.

Suggested Citation

  • White, T. Kelley, 1984. "World Agricultural Markets: Implications for U.S. Food and Agricultural Policy," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 16(1), pages 91-97, July.
    • Handle: RePEc:cup:jagaec:v:16:y:1984:i:01:p:91-97_01
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    Cited by:

    1. Chase Wilde, Linda & Cornell, Laurence D. & Sorenson, Vernon L. & Black, J. Roy, 1986. "World Grain Trade: An Evaluation of Factors Affecting Net Import Demand for Wheat and Coarse Grains by Selected Countries," Agricultural Economic Report Series 201358, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    2. Rae, Jeffrey, 1985. "Major impacts on agricultural trade: A view from the South," Agricultural Outlook Forum Archive 1923 - 1997 326306, United States Department of Agriculture, Agricultural Outlook Forum.

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