Analysis of American Agricultural Movement Proposal

Economics, Statistics, and Cooperatives Service

No 320801, Economics Statistics and Cooperative Services (ESCS) Reports from United States Department of Agriculture, Economic Research Service

Abstract: Excerpts from the Report: Leaders of the American Agriculture Movement (AAM) have proposed that prices of agricultural commodities be maintained by law at 100 percent of parity. This paper is an analysis of their proposal. It examines the impacts, through 1982, of parity price levels on exports, domestic agriculture, and the general economy. The principal assumptions were specified jointly by designated representatives of the AAM and the Economics, Statistics, and Cooperatives Service (ESCS) in late January 1978. A program that would set all U.S. farm prices at 100 percent of parity and could effectively control marketings at levels which would clear at those prices would have significant impacts on foreign trade, domestic farm production, farm incomes, and other sectors of our domestic economy. In this analysis these effects are estimated by evaluating world import demand and U.S. domestic retail demand for farm products under parity prices for the period 1978/79 to 1982/83. The results are traced through agriculture and other sectors of the economy.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Demand and Price Analysis; Financial Economics; Food Consumption/Nutrition/Food Safety; International Relations/Trade; Land Economics/Use; Livestock Production/Industries; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 26
Date: 1978-03
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerscs:320801

DOI: 10.22004/ag.econ.320801

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