THE U.S. WHEAT AND CORN PROGRAMS: SOME DOMESTIC WELFARE AND INTERNATIONAL TRADE IMPLICATIONS

This paper explores changes in traditional commodity programs from the perspective of domestic welfare. A theoretical model was developed which describes domestic welfare changes that follow from policies consistent with reductions in international price distortions. The model was applied to the 1985 Farm Bill. This provided an historical example of a policy change that simultaneously improves domestic welfare and reduces protectionism.


Issue Date:
1992-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/30361
Published in:
Southern Journal of Agricultural Economics, Volume 24, Number 1
Page range:
179-186
Total Pages:
8




 Record created 2017-04-01, last modified 2017-08-24

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