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Evolution of the Economics of Agricultural Policy

Author

Listed:
  • Daniel A. Sumner
  • Julian M. Alston
  • Joseph W. Glauber

Abstract

Agricultural economists helped develop farm programs to respond to the dire economic situation of the 1920s and 1930s. Some early authors appreciated that such policies created problems in markets for commodities and inputs. Over time, our understanding of agricultural issues and policies has deepened. Through the application of improved models and tools of analysis to more extensive data, we have developed better answers to old questions, and have responded to changing policy instruments, market contexts, and policy concerns. This article traces the evolution of our deepening economic understanding of the causes and consequences of agricultural policy. Copyright 2010, Oxford University Press.

Suggested Citation

  • Daniel A. Sumner & Julian M. Alston & Joseph W. Glauber, 2010. "Evolution of the Economics of Agricultural Policy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(2), pages 403-423.
    • Handle: RePEc:oup:ajagec:v:92:y:2010:i:2:p:403-423
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    File URL: http://hdl.handle.net/10.1093/ajae/aaq015
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    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Agricultural Economics > Agricultural Policy

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    Cited by:

    1. Barragán-Ocaña, Alejandro & del-Valle-Rivera, María del Carmen, 2016. "Rural development and environmental protection through the use of biofertilizers in agriculture: An alternative for underdeveloped countries?," Technology in Society, Elsevier, vol. 46(C), pages 90-99.
    2. Pavel Ciaian & Edoardo Baldoni & d'Artis Kancs & Dušan Drabik, 2021. "The Capitalization of Agricultural Subsidies into Land Prices," Annual Review of Resource Economics, Annual Reviews, vol. 13(1), pages 17-38, October.
    3. Abbott, Malcolm, 2013. "Market support schemes and their interaction: the case of the wool industry," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 52(3), March.
    4. Oglend, Atle & Asche, Frank & Straume, Hans-Martin, 2024. "Rent formation and distortions due to quotas in biological production processes," Resource and Energy Economics, Elsevier, vol. 77(C).
    5. Joseph Glauber & Vince Smith, 2021. "Trends in US Agricultural Policy since 2000 and Implications for the Next Twenty Years," EuroChoices, The Agricultural Economics Society, vol. 20(2), pages 58-63, August.
    6. Evan Fraser & Alexander Legwegoh & Krishna KC, 2015. "Food stocks and grain reserves: evaluating whether storing food creates resilient food systems," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 5(3), pages 445-458, September.
    7. Xiaolong Guo & Lihong Cheng & Yugang Yu, 2022. "Government subsidy policy for green and efficient raw materials considering farmer heterogeneity," Production and Operations Management, Production and Operations Management Society, vol. 31(11), pages 4095-4112, November.
    8. Marten Graubner, 2018. "Lost in space? The effect of direct payments on land rental prices," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 45(2), pages 143-171.
    9. repec:ags:ijag24:345255 is not listed on IDEAS
    10. Ryota Nakatani, 2024. "Food companies' productivity dynamics: Exploring the role of intangible assets," Agribusiness, John Wiley & Sons, Ltd., vol. 40(1), pages 185-226, January.
    11. Emmanuel Paroissien & Laure Latruffe & Laurent Piet, 2021. "Early exit from business, performance and neighbours’ influence: a study of farmers in France [Effects of differing farm policies on farm structure and dynamics]," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 48(5), pages 1132-1161.
    12. Wei Wang & Chongmei Zhang & Jiahao Song & Dingde Xu, 2021. "The Impact of Target Price Policy on Cotton Cultivation: Analysis of County-Level Panel Data from China," Agriculture, MDPI, vol. 11(10), pages 1-18, October.
    13. Demirdöğen, Alper & Olhan, Emine & Chavas, Jean-Paul, 2016. "Food vs. fiber: An analysis of agricultural support policy in Turkey," Food Policy, Elsevier, vol. 61(C), pages 1-8.

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