Economic Growth and Agriculture: An Evaluation of the Compensation Principle

E. C. Pasour

American Journal of Agricultural Economics, 1973, vol. 55, issue 4_Part_1, 611-616

Abstract: The feasibility of a program to insure farmers against losses due to economic growth is explored. Adjustment problems in agriculture are similar to those of other sectors. The feasibility of a general compensation policy to insure farmers against losses due to economic progress is questioned on practical and theoretical grounds.

Date: 1973
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