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Farm Income Stabilization: A Central Goal for American and European Policies

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  • Tyner, Wallace E.
  • Jacquet, Florence
  • Gray, Allan W.

Abstract

The central thesis developed in this paper is that snapshot views of the global measures of agricultural support mask what is really happening in U.S. and E.U. agricultural policies. We demonstrate that American and European farmers are effectively protected from market risk by these policies. The level of PSE is largely determined by the level of world price. Most economists do not pay much attention to the role of agricultural policies in income stability. Yet farm income stability is clearly a prime objective of government policy both in the E.U. and the U.S. and probably elsewhere. We need to turn out attention to this objective if we are to produce policy analysis relevant to real world policy decisions.

Suggested Citation

  • Tyner, Wallace E. & Jacquet, Florence & Gray, Allan W., 2005. "Farm Income Stabilization: A Central Goal for American and European Policies," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24683, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae05:24683
    DOI: 10.22004/ag.econ.24683
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    References listed on IDEAS

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    1. Jacquet, Florence & Tyner, Wallace & Gray, Allan W., 2004. "La stabilisation du revenu des agriculteurs : un objectif central dans les politiques américaine et européenne," Économie rurale, French Society of Rural Economics (SFER Société Française d'Economie Rurale), vol. 281.
    2. John C. Beghin & David Roland-Holst & Dominique van der Mensbrugghe, 2002. "Global Agricultural Trade and the Doha Round: What are the Implications for North and South?," Center for Agricultural and Rural Development (CARD) Publications 02-wp308, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    3. Orden, David, 2003. "U.S Agricultural Policy: The 2002 Farm Bill And Wto Doha Round Proposal," TMD Discussion Papers 16286, CGIAR, International Food Policy Research Institute (IFPRI).
    4. C. Edwin Young & Paul C. Westcott, 2000. "How Decoupled Is U.S. Agricultural Support for Major Crops?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 762-767.
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    1. El Benni, Nadja & Finger, Robert & Mann, Stefan, "undated". "The effect of agricultural policy change on income risk in Swiss agriculture," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122532, European Association of Agricultural Economists.
    2. Dörschner, Till & Musshoff, Oliver, 2013. "Does the risk attitude influence the farmers' willingness to participate in agri-environmental measures? – A normative approach to evaluate ecosystem services," 53rd Annual Conference, Berlin, Germany, September 25-27, 2013 156112, German Association of Agricultural Economists (GEWISOLA).
    3. Dörschner, T. & Mußhoff, O., . "Does the Risk Attitude Influence and Farmers’ Willingness to Participate in Agri-Environmental Measures? – A Normative Approach to Evaluate Ecosystem Services," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 49.

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