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Agricultural Policies in the Next Decade: A Global Perspective

Author

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  • Andrew Schmitz

    (Institute of Food and Agricultural Sciences, University of Florida)

Abstract

Many countries around the world either tax agriculture or provide subsidies through trade and agricultural policies. This paper presents historical developments in the United States, European Union, Canada, China, India, and Thailand, which generally subsidize agriculture although the level of subsidization has decreased because of the significant rise in commodity prices. While progress has been made in lowering tariff and non-tariff barriers around the world with positive outcomes, the future progress in this area is questionable as evidenced by the Doha Round trade talks. Policy makers are now grappling with how to deal with price instability, uncertainty, and rising food prices.

Suggested Citation

  • Andrew Schmitz, 2011. "Agricultural Policies in the Next Decade: A Global Perspective," Applied Economics Journal, Kasetsart University, Faculty of Economics, Center for Applied Economic Research, vol. 18(1), pages 1-14, June.
    • Handle: RePEc:aej:apecjn:v:18:y:2011:i:1:p:1-14
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    More about this item

    Keywords

    agricultural policy; trade distortion; price instability; subsidies; taxes;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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