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Unstable Farm Prices: Economic Consequences and Policy Options

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  • Robinson, K.L.

Abstract

The external environment confronting both farmers and policymakers obviously has changed dramatically over the past 3 years. Grain surpluses in the hands of the government have disappeared~ drought has cut crop production in several important areas, and the news media have rediscovered the fact that a high proportion of the world's population subsists on diets which even in good crop years are-only marginally adequate. In the U, S., food prices, and especially the prices of grains, have risen to levels thought highly improbable only 3 or 4 years ago. Does the new environment call for equally dramatic shifts in policy? This is the question I have been asked to discuss.

Suggested Citation

  • Robinson, K.L., 1975. "Unstable Farm Prices: Economic Consequences and Policy Options," 1975 Annual Meeting, August 10-13, Columbus, Ohio 284106, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea75:284106
    DOI: 10.22004/ag.econ.284106
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    Cited by:

    1. Trapp, James N. & Thompson, Stanley R., 1977. "Grain Exports as a Source of Agricultural Instability," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 9(1), pages 197-205, July.
    2. Jelínek, Ladislav & Medonos, Tomáš & Foltýn, Ivan & Humpál, Jaroslav & Boyinová, Sumudu, 2018. "Social and Economic Consequences of Direct Payments Capping and Redistribution on the Czech Large-scale Farms," 162nd Seminar, April 26-27, 2018, Budapest, Hungary 272052, European Association of Agricultural Economists.
    3. Mason, Bert, 1978. "Causes Of Low Returns To Farm Labor In The U.S.: An Analysis Of Factor Market Interactions," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 7(1), pages 1-6, April.
    4. Miller, Thomas A., 1984. "Increasing World Market Fluctuations And U. S. Agriculture: A Summary Of Implications," Staff Reports 277649, United States Department of Agriculture, Economic Research Service.
    5. Cox, Linda & Sporleder, Thomas L. & Chavas, Jean-Paul, 1982. "Cash Market Tests of the Weak Form Efficient Market Hypothesis," 1982 Annual Meeting, August 1-4, Logan, Utah 279133, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Jet Yee & Mary Clare Ahearn, 2005. "Government policies and farm size: does the size concept matter?," Applied Economics, Taylor & Francis Journals, vol. 37(19), pages 2231-2238.
    7. Frederick I. Johnson, 1989. "Price Supports under Uncertainty: The U.S. Oats Market," The American Economist, Sage Publications, vol. 33(1), pages 36-44, March.
    8. Mason, Bert, 1978. "Causes Of Low Returns To Farm Labor In The U.S.: An Analysis Of Factor Market Interactions," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-6, April.
    9. Langley, Suchada V. & Meyers. William H., 1980. "The Soybean Sector in the 1970's: An Analysis of Price Variability," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 279237, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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    Keywords

    Demand and Price Analysis;

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