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The U.S. Wheat And Corn Programs: Some Domestic Welfare And International Trade Implications

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  • Carey, Kathleen

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.

Suggested Citation

  • Carey, Kathleen, 1992. "The U.S. Wheat And Corn Programs: Some Domestic Welfare And International Trade Implications," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(1), pages 1-8, July.
    • Handle: RePEc:ags:sojoae:30361
    DOI: 10.22004/ag.econ.30361
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    References listed on IDEAS

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    1. Lichtenberg, Erik & Zilberman, David, 1986. "The Welfare Economics of Price Supports in U.S. Agriculture," American Economic Review, American Economic Association, vol. 76(5), pages 1135-1141, December.
    2. Burt, Oscar R. & Worthington, Virginia E., 1988. "Wheat Acreage Supply Response In The United States," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(1), pages 1-12, July.
    3. Shideed, Kamil H. & White, Fred C. & Brannen, Stephen J., 1987. "The Responsiveness of U.S. Corn and Soybean Acreages to Conditional Price Expectations: An Application to the 1985 Farm Bill," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 19(2), pages 153-161, December.
    4. Bruce Gardner, 1983. "Efficient Redistribution through Commodity Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 225-234.
    5. Thomas Grennes, 1988. "Farm-support Policies Compatible with Trade Liberalization," The World Economy, Wiley Blackwell, vol. 11(1), pages 109-118, March.
    6. McIntosh, Christopher S. & Shideed, Kamil H., 1989. "The Effect Of Government Programs On Acreage Response Over Time: The Case Of Corn Production In Iowa," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 14(1), pages 1-7, July.
    7. McDowell, Howard & Kramer, Randall A. & Price, J. Michael, 1989. "An Analysis Of U.S. Farm Income Policies: Historical, Marketing-Determined, And Sector-Wide Stabilization," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(2), pages 1-11, December.
    8. McDowell, Howard & Kramer, Randall A. & Price, J. Michael, 1989. "An Analysis of U.S. Farm Income Policies: Historical, Market-Determined, and Sector-Wide Stabilization," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(2), pages 1-11, December.
    9. Shideed, Kamil H. & White, Fred C. & Brannen, Stephen J., 1987. "The Responsiveness Of U.S. Corn And Soybean Acreages To Conditional Price Expectations: An Application To The 1985 Farm Bill," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(2), pages 1-9, December.
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