Application of an Economic Model for Evaluating Government Program Costs for Rice

Warren R. Grant

American Journal of Agricultural Economics, 1970, vol. 52, issue 2, 209-215

Abstract: Alternative Government rice programs are important to rice producers, rice consumers, rice related industries, and Government (taxpayers). Supporting the rice producer's income above that determined by a "free market" requires an income transfer from another segment of society. The "best method" of support could depend upon the "best source" of income to transfer to the rice farm sector. The direct payment plan transfers income from the taxpayer, the two-price plan draws additional support from the domestic rice consumer, and the current program (an adaptation of a two-price plan) obtains the additional income for transfer from both.

Date: 1970
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