AGRICULTURAL SUBSIDIES IN PORTUGAL: THEIR IMPACT ON FARM INCOME AND CONSUMER COST IN THE CONTEXT OF ACCESSION TO THE EUROPEAN COMMUNITY

Tham V. Truong

No 276776, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Agricultural subsidies amounted to 26 percent of gross agricultural product in 1981. Their elimination will in all instances significantly reduce the commodity systems' private profits or increase losses. For some of these commodity systems the effect of adopting CAP prices, as Portugal joins the EC, will reinforce the impact of the removal of subsidies and in some cases the CAP price effect will work to offset the subsidy loss. The elimination of consumer subsidies would significantly increase consumer costs for milk and milk powder. However, in the case of skim milk powder, consumer price will decrease under EC conditions. The adoption of CAP prices will increase consumer costs for butter, wheat flour, bread and pork. It will lower consumer costs for cheese, sunflower oil, beef and lamb.

Keywords: Agricultural Finance; Consumer/Household Economics; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 52
Date: 1983-08
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/276776/files/ers-report-073.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:uerssr:276776

DOI: 10.22004/ag.econ.276776

Access Statistics for this paper

More papers in Staff Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().