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Acreage response under policy incompatibilities: The US durum wheat situation
Author(s) -
Garcia Roberto J.,
Quinton James E.
Publication year - 1996
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/(sici)1520-6297(199601/02)12:1<67::aid-agr6>3.0.co;2-n
Subject(s) - economics , agriculture , agricultural economics , agricultural policy , payment , farm income , common agricultural policy , relative price , income support , international trade , production (economics) , monetary economics , biology , microeconomics , european union , macroeconomics , ecology , finance
Estimation of durum wheat acreage response models indicate that declining US durum acreage relative to Canada is a result of the relative prices of durum and spring wheat, and US agricultural policies that (a) affect the relative income‐support levels of wheat and barley, (b) tie income‐support payments to acreage idling, and (c) idle land for conservation purposes. There is evidence suggesting that US agricultural policy objectives are incompatible with foreign policy to liberalize trade with Canada, and has contributed to the relative decline. © 1996 John Wiley & Sons, Inc.