Sectoral Implications of Farm Program Modifications
作者:
Ching‐Cheng Chang,
Bruce A. McCarl,
James W. Mjelde,
James W. Richardson,
期刊:
American Journal of Agricultural Economics
(WILEY Available online 1992)
卷期:
Volume 74,
issue 1
页码: 38-49
ISSN:0002-9092
年代: 1992
DOI:10.2307/1242988
出版商: Oxford University Press
数据来源: WILEY
摘要:
AbstractThe overall and distributional effects of farm programs and selected revisions are examined using a mathematical programming sector model. The model incorporates market distortions caused by price supports, target prices, program participation, deficiency payments and marketing loans. Current farm programs are found to increase producer prices, depress consumer prices, and in turn result in excess production and higher consumption and exports. Domestic and foreign consumers as well as domestic producers are subsidized by farm programs. Social deadweight loss occurs as government payments exceed welfare benefits received by consumers and producers. Society as a whole benefits from reductions in program provisions.
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