ADJUSTING PRICE SUPPORTS: COMPARISON OF ALTERNATIVE METHODS

Jerry A. Sharples

No 283595, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Price supports have been at the heart of agricultural policy for many years. In this year's debate over a farm bill the level of price supports and the method of adjusting price supports were central issues. What standard should be used for setting equitable supports? ''Parity" was the standard of the past. "Cost of Production" is the favorite this year. What will be the next standard? In this paper five methods of adjusting price supports are discussed. After a brief description of each, they are compared using several economic and pragmatic criteria.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 14
Date: 1977-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea77:283595

DOI: 10.22004/ag.econ.283595

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