THE U.S. WHEAT AND CORN PROGRAMS: SOME DOMESTIC WELFARE AND INTERNATIONAL TRADE IMPLICATIONS

Kathleen Carey

Southern Journal of Agricultural Economics, 1992, vol. 24, issue 01, 8

Abstract: This paper explores changes in traditional commodity programs from the perspective of domestic welfare. A theoretical model was developed which describes domestic welfare changes that follow from policies consistent with reductions in international price distortions. The model was applied to the 1985 Farm Bill. This provided an historical example of a policy change that simultaneously improves domestic welfare and reduces protectionism.

Keywords: Agricultural and Food Policy; International Relations/Trade (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sojoae:30361

DOI: 10.22004/ag.econ.30361

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