AGRICULTURAL POLICY AND INNOVATION

John W. Longworth

Australian Journal of Agricultural Economics, 1983, vol. 27, issue 2, 5

Abstract: In principle, the Group regards long-run market forces as the best guide to resource allocation, not only within existing production units, but also between sectors. However, in practice they perceive many instances of market failure in the rural sector which justify government intervention either on efficiency grounds or on equity grounds. They aggregate these intervention/assistance measures into sets and devote a chapter to each set. The new, novel and controversial aspects of assistance are highlighted in these comments. The Group discussed price support and underwriting schemes, input subsidies and related issues, natural disaster relief, income tax averaging, product promotion and export inspection services in Chapter 5 and research, extension and education in the context of innovation in Chapter 9.

Keywords: Agricultural and Food Policy; Marketing (search for similar items in EconPapers)
Date: 1983
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/23038/files/27020152.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:23038

DOI: 10.22004/ag.econ.23038

Access Statistics for this article

More articles in Australian Journal of Agricultural Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().