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Government Stockholding

In: Agricultural Policy of the United States

Author

Listed:
  • Stephanie A. Mercier

    (Farm Journal Foundation)

  • Steve A. Halbrook

    (University of Arkansas at Fayetteville)

Abstract

From President Jimmy Carter’s grain embargo to punish the Soviet Union for its invasion of Afghanistan, to emergency drought relief in 1989, policymakers of this era were constantly reacting to outside forces that impacted agricultural markets. Dairy surpluses and growing stocks of grains prompted a series of policy corrections to balance markets. The agricultural financial crisis of the mid-1980s required several legislative responses to stabilize the Farm Credit system. A widespread drought starting in 1988 resulted in two emergency Congressional reactions. This chapter reviews all of these developments and the beginning of conservation compliance and liberalized trade.

Suggested Citation

  • Stephanie A. Mercier & Steve A. Halbrook, 2020. "Government Stockholding," Palgrave Studies in Agricultural Economics and Food Policy, in: Agricultural Policy of the United States, chapter 0, pages 229-252, Palgrave Macmillan.
    • Handle: RePEc:pal:psachp:978-3-030-36452-6_15
    DOI: 10.1007/978-3-030-36452-6_15
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