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The U.S. Wheat And Corn Programs: Some Domestic Welfare And International Trade Implications

Published online by Cambridge University Press:  09 September 2016

Kathleen Carey
Kathleen Carey*
Affiliation:
Management Science Group, U.S. Department of Veterans Affairs
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Abstract

This paper explores changes in traditional commodity programs from the perspective of domestic welfare. A theoretical model was developed which describes domestic welfare changes that follow from policies consistent with reductions in international price distortions. The model was applied to the 1985 Farm Bill. This provided an historical example of a policy change that simultaneously improves domestic welfare and reduces protectionism.

Keywords

decouplingwelfarewheatcorn
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 24 , Issue 1 , July 1992 , pp. 179 - 186
Copyright
Copyright © Southern Agricultural Economics Association 1992

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