@article{Young:308047,
      recid = {308047},
      author = {Young, C. Edwin and Hyberg, Brent T. and Price, J. Michael  and Huang, Wen-Yuan and Lee, Chinkook and Sharples, Jerry  L. and Dvoskin, Dan},
      title = {Economic Effects of Mandatory Production Controls  },
      address = {1989-03},
      number = {1473-2020-1552},
      series = {Agricultural Economic Report No. 595},
      pages = {33},
      year = {1989},
      abstract = {Mandatory restrictions on agricultural production continue  to be advocated as an alternative policy for increasing  farm income while reducing farm program costs.  Although  farm income might rise in the short run, such programs  would be costly to consumers and possibly to the Federal  Treasury.  An export subsidy would be needed to maintain  current agricultural export levels if a mandatory  production control program were used to raise prices.  The  cost of such a subsidy could exceed savings from  eliminating Government income support programs.  The  program would affect agribusinesses by reducing the need  for farm supplies and by reducing the amount of product  handled beyond the farm gate.  More generally, programs  that idle productive resources to maintain higher prices  may lead to production inefficiencies and to capitalization  of program benefits that are captured by current  landowners.},
      url = {http://ageconsearch.umn.edu/record/308047},
      doi = {https://doi.org/10.22004/ag.econ.308047},
}