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U.S. Farm Policy and the World Trade Organization: How Do They Match Up?

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  • Hart, Chad E.
  • Babcock, Bruce A.

Abstract

The debate over a new farm bill has focused on how to spend an additional $73.5 billion in funding for the agricultural budget over 10 years. The House of Representatives, the Senate agriculture committee, and Senators Cochran and Roberts (supported by the Bush administration) have each proposed a structure for the next farm bill. A critical question becomes whether these proposals conflict with U.S. commitments to limit subsidies under the World Trade Organization (WTO) agreement. This paper explores this issue and concludes with a discussion of the future direction of U.S. farm subsidies and new WTO agreements.

Suggested Citation

  • Hart, Chad E. & Babcock, Bruce A., 2002. "U.S. Farm Policy and the World Trade Organization: How Do They Match Up?," Staff General Research Papers Archive 2057, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:2057
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    File URL: http://www2.econ.iastate.edu/papers/paper_2057.pdf
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    Cited by:

    1. Gardner, Bruce L., 2002. "North American Agricultural Policies And Effects On Western Hemisphere Markets Since 1995, With A Focus On Grains And Oilseeds," Working Papers 28602, University of Maryland, Department of Agricultural and Resource Economics.
    2. Westhoff, Patrick C. & Fabiosa, Jacinto F. & Beghin, John C. & Meyers, William H., 2004. "Challenges in Modeling the Effects of Trade Agreements on the Agricultural Sector," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 36(2), pages 1-11, August.
    3. Gardner, Bruce L., 2003. "U.S. Agricultural Policies, Since 1995, with a Focus on Market Effects in Grains and Oilseeds," Working Papers 28553, University of Maryland, Department of Agricultural and Resource Economics.
    4. Gardner, Bruce L., 2002. "U.S./Canadian Agricultural Policies And Effects On Western Hemisphere Markets Since 1995, With A Focus On Grains And Oilseeds," Working Papers 28577, University of Maryland, Department of Agricultural and Resource Economics.

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