Latvian Price Reforms and Their Effects on the Production and Sale of Foodstuffs

Biruta Arnte

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: In the past, Latvian agriculture has been characterized by low output increases and rapidly growing production costs. This cannot be regarded as the result of bad producers' work, but as the consequences of a poorly administered management system. Before 1990 Latvian agriculture was strictly dependent on the All-Union centralized producer prices set for all agricultural products and on centralized redistribution on production inputs. State-guaranteed producer prices were fixed and remained stable for a longer period of time, usually for five years, but production costs grew constantly. As a result, commodity prices did not correspond with commodity values. This deepened the disparity between the income levels of various branches, particularly between industry and agriculture. Prices no longer reflected the final result on the economic activities of the agricultural enterprises.

Date: 1992-09
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.card.iastate.edu/products/publications/pdf/92br6.pdf Full Text (application/pdf)
https://www.card.iastate.edu/products/publications/synopsis/?p=978 Online Synopsis (text/html)

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:ias:cpaper:92-br6

Access Statistics for this paper

More papers in Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University Contact information at EDIRC.
Bibliographic data for series maintained by ().