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The Total Picture

In: What Price Food?

Author

Listed:
  • Paul Streeten

Abstract

Even taking producer and input prices together does not give us the whole incentive picture. Low producer prices are aggravated by open or concealed taxes or tariffs on the consumer goods bought by farmers. The total twist in the income terms of trade between agricultural and industrial producers is the result of depressed supply prices, high prices of consumer goods (mainly as a result of protection) and some selective subsidies to input prices.

Suggested Citation

  • Paul Streeten, 1987. "The Total Picture," Palgrave Macmillan Books, in: What Price Food?, chapter 7, pages 31-34, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-18921-2_7
    DOI: 10.1007/978-1-349-18921-2_7
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