IDEAS home Printed from https://ideas.repec.org/p/ias/cpaper/92-gatt23.html
   My bibliography  Save this paper

Effect of the GATT on U.S. Peanut Markets, The

Author

Listed:
  • R. Borges
  • W. Thurman
  • R. Rucker

Abstract

The Uruguay Round of the General Agreement on Tariffs and Trade (hereafter, the GATT), which is to be signed by more than 10 nations on December 15, 1993, represents the culmination of seven years of negotiations on reforms of international trade. Assuming that the U.S. Congress will ratify the agreement, most, if not all, agricultural commodities produced in the United States will be affected in some way. The purpose of the present paper is to examine the likely effects of the GATT on U.S. peanut markets. Although the market value of U.S. peanut production is small compared to many other U.S. agricultural commodities, the impacts of the GATT on peanut markets are of considerable interest for at least two reasons. First, because peanut production is concentrated in a relatively small number of states, peanut revenues constitute an important component of incomes in many communities in the southeastern United States. The impacts of the GATT on peanut markets are therefore important to farmers and policy makers in these areas. Second, the federal peanut program is unique among U.S. commodity programs with its marketing quota, price supports, and import restrictions. An important component of the federal peanut program is explicit restriction on imports of peanuts. The restriction has brought attention to the trade conditions for peanuts that seems not to be justified by the value of trade in peanuts. During the course of the Uruguay Round negotiations, for example, peanut import restrictions were used by other countries as an example of restrictive U.S. trade policies.

Suggested Citation

  • R. Borges & W. Thurman & R. Rucker, 1991. "Effect of the GATT on U.S. Peanut Markets, The," Center for Agricultural and Rural Development (CARD) Publications 92-gatt23, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  • Handle: RePEc:ias:cpaper:92-gatt23
    as

    Download full text from publisher

    File URL: https://www.card.iastate.edu/products/publications/pdf/92gatt23.pdf
    File Function: Full Text
    Download Restriction: no

    File URL: https://www.card.iastate.edu/products/publications/synopsis/?p=912
    File Function: Online Synopsis
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Appelbaum, Elie & Katz, Eliakim, 1987. "Seeking Rents by Setting Rents: The Political Economy of Rent Seeking," Economic Journal, Royal Economic Society, vol. 97(387), pages 685-699, September.
    2. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
    3. Fama, Eugene F & Jensen, Michael C, 1983. "Agency Problems and Residual Claims," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 327-349, June.
    4. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    5. Zusman, Pinhas, 1976. "The Incorporation and Measurement of Social Power in Economic Models," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(2), pages 447-462, June.
    6. Eggertsson,Thrainn, 1990. "Economic Behavior and Institutions," Cambridge Books, Cambridge University Press, number 9780521348911, March.
    7. Kislev, Yoav & Lerman, Zvi & Zusman, Pinhas, 1989. "Credit cooperatives in Israeli agriculture," Policy Research Working Paper Series 156, The World Bank.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ias:cpaper:92-gatt23. 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: (). General contact details of provider: http://edirc.repec.org/data/caiasus.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.