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Bringing Equity to Agricultural Input and Output Markets

In: Agricultural Policy of the United States

Author

Listed:
  • Stephanie A. Mercier

    (Farm Journal Foundation)

  • Steve A. Halbrook

    (University of Arkansas at Fayetteville)

Abstract

Farmers are price takers and there is a natural distrust of merchants and middlemen in the agricultural community. Farmers look to the government to level the economic playing field. This chapter examines the development of market regulation starting with the Granger laws and regulation of railroads through the Sherman and Clayton antitrust acts and the Federal Trade Commission Act. It also reviews the direct regulation of agricultural markets by the Packers and Stockyards Act and the Perishable Agricultural Commodities Act. The Capper-Volstead Act and the Agricultural Marketing Agreement Act of 1937 gave farmers the power to act collectively.

Suggested Citation

  • Stephanie A. Mercier & Steve A. Halbrook, 2020. "Bringing Equity to Agricultural Input and Output Markets," Palgrave Studies in Agricultural Economics and Food Policy, in: Agricultural Policy of the United States, chapter 0, pages 143-159, Palgrave Macmillan.
    • Handle: RePEc:pal:psachp:978-3-030-36452-6_10
    DOI: 10.1007/978-3-030-36452-6_10
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