Wool And Mohair: Background for 1985 Farm Legislation

Keith Collins and John Lawler

No 305745, Agricultural Information Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: Wool and mohair have been declining industries. Sheep inventories are a fifth of their World War II level; goat numbers are a third of their mid-1960’s level. Economic recession and ample global supplies of wool and mohair lowered prices of these fibers and reduced net returns of farmers in the early 1980’s. Government payments to wool producers were record high in 1983. Policymakers have had limited control over wool program costs given the formula-based Government support price, the trend of declining textile market share, rising raw wool and wool textile imports, stagnant lamb and mutton consumption, and the dominance of Australia and New Zealand in the world wool market. Issues for 1985 include whether to continue the program, and if so, the level and method of adjusting support prices.

Keywords: Agricultural and Food Policy; International Relations/Trade; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 46
Date: 1984-09
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/305745/files/aib466.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:uersab:305745

DOI: 10.22004/ag.econ.305745

Access Statistics for this paper

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