Mandatory Production Controls

Economic Research Service

No 309381, Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: Mandatory restrictions on agricultural production continue to be suggested as an alternative policy for reducing price depressing surplus production, increasing farm income, and cutting farm program costs. A mandatory production control program, as with any farm program, would result in tradeoffs between various sectors of the economy. The concept of mandatory production controls was rejected during the debate over the 1985 Food Security Act. However, high costs of the 1985 Act, continued financial stress for some farmers, and limited expansion of exports have renewed interest in revising the current law to include mandatory restrictions. Such restrictions would benefit certain sectors of the economy but hurt others.

Keywords: Agricultural and Food Policy; Land Economics/Use; Marketing (search for similar items in EconPapers)
Pages: 8
Date: 1987-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersab:309381

DOI: 10.22004/ag.econ.309381

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