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AGRICULTURAL PRICE AND INCOME POLICY: A NEED FOR CHANGE
Author(s) -
LEARN ELMER W.
Publication year - 1986
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.1986.tb00833.x
Subject(s) - agriculture , dispose pattern , economics , agricultural policy , agricultural economics , farm income , price policy , international economics , economic policy , macroeconomics , production (economics) , computer science , programming language , ecology , biology
Agricultural price and income policies operate within a framework established more than 50 years ago. This framework assumes that agriculture is dominated by “family farms,” and that the agricultural economy is relatively independent of international and other domestic economic considerations. Yet, the structure of the farm sector today differs greatly from that of 50 or even 20 years ago. The U.S. economy relies on international markets to dispose of 20 to 30 percent of U.S. agricultural output. These changes call for reorientation of U.S. farm policy.