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Commodity Programs And Inflation

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  • Penn, J.B.

Abstract

Inflation has been identified by many as the nation's number one economic problem. And that makes the theme of this plenary session-- inflation and its pervasiveness in agriculture and the food system-- especially timely. Unfortunately (and perhaps inexcusably), we have woefully little rigorous analysis of the subject to allow comprehensive assessment of impacts. We can, then, hardly be prescriptive. The role of the agricultural commodity programs in the performance of the national economy and their contribution to the persistent inflation is complex. The complexity has grown in this decade with the increased interdependence of'the agricultural sector and the national economy.

Suggested Citation

  • Penn, J.B., 1979. "Commodity Programs And Inflation," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278290, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea79:278290
    DOI: 10.22004/ag.econ.278290
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    File URL: https://ageconsearch.umn.edu/record/278290/files/aaea-1979-095.pdf
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    References listed on IDEAS

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    1. W. D. Dobson & Larry E. Salathe, 1979. "The Effects of Federal Milk Orders on the Economic Performance of U.S. Milk Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 213-227.
    2. G. Edward Schuh, 1976. "The New Macroeconomics of Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(5), pages 802-811.
    3. Jamison, John A., 1971. "Marketing Orders and Public Policy for the Fruit and Vegetable Industries," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 10(3), pages 180-180.
    4. Schuh, G. Edward, 1976. "The New Macroeconomics Of Agriculture," 1976 Annual Meeting, August 15-18, State College, Pennsylvania 284009, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    Cited by:

    1. Freebairn, John W., 1981. "Assessing Some Effects Of Inflation On The Agricultural Sector," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(2), pages 1-16, August.

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