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The Welfare Cost of Grain Protection in the United Kingdom

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  • Rachel Dardis

Abstract

The welfare cost of grain protection in the United Kingdom was estimated for the year 1959–60. A production cost only was estimated since the deficiency payments system employed in the United Kingdom ensured that consumer prices were equivalent to free market prices. The production cost was a function of the degree of protection (difference between producer and consumer prices), the elasticity of domestic supply, and the value of domestic production. Both absolute and relative costs of protection were determined. Because of inelastic supply conditions, moderate margins of protection, and the absence of a consumption cost, relative costs of protection ranged from 3 to 10 percent of the change in producers' surplus. The results indicate the influence of a particular method of support for agriculture on the cost of protection.

Suggested Citation

  • Rachel Dardis, 1967. "The Welfare Cost of Grain Protection in the United Kingdom," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(3), pages 597-609.
    • Handle: RePEc:oup:ajagec:v:49:y:1967:i:3:p:597-609.
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    File URL: http://hdl.handle.net/10.2307/1236895
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    Cited by:

    1. Bullock, David S. & Salhofer, Klaus, 2003. "Judging agricultural policies: a survey," Agricultural Economics, Blackwell, vol. 28(3), pages 225-243, May.
    2. Bullock, D. S. & Salhofer, K., 1998. "Measuring the social costs of suboptimal combinations of policy instruments: A general framework and an example," Agricultural Economics, Blackwell, vol. 18(3), pages 249-259, May.
    3. Beck, Anthony C., 1974. "The Social Cost On Production Control In The Australian Egg Industry," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(04), pages 1-17, December.
    4. Eva Fernandez, 2011. "The cost of protection to grain farmers during the interwar years," Working Papers 11036, Economic History Society.
    5. Coyle, Barry & Chambers, Robert G. & Schmitz, Andrew, 1986. "Economic Gains from Agricultural Trade: A Review and Bibliography," Miscellaneous Publications 319990, United States Department of Agriculture, Economic Research Service.
    6. David S. Bullock & Klaus Salhofer & Jukka Kola, 1999. "The Normative Analysis of Agricultural Policy: A General Framework and Review," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(3), pages 512-535, September.
    7. Petit, Michel, 1982. "Government Policy in Support of Domestic Agriculture: Costs and Benefits, The European Community," 1982: Agriculture, Trade, and Development: A Comparative Look at U.S., Canadian, and European Community Policies Meeting, December 1982, Washington, DC 50852, International Agricultural Trade Research Consortium.

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