Plowshares and Pork Barrels: The Political Economy of Agriculture
Agricultural subsidies in grains, cotton, milk, sugar, tobacco, honey, wool, and peanuts are analyzed in this examination of U.S. farm policy. Looking at such programs as food stamps, crop insurance, subsidized credit, trade credit, trade subsidies and import restrictions, conservation, agricultural research, and taxation, this historical perspective argues that these subsidies ultimately redistribute wealth to powerful agricultural interests who use their political clout to advance their economic interests at the expense of the general public. This analysis of government farm programs will appeal to professors and students who study agriculture; people affected by government farm policies; public officials, and businesses affected by agricultural policy such as those in food service, retail, and distribution.
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Market Prices and Market Socialism
Rationales For U S Agricultural Programs
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1996 farm bill 2002 farm bill acreage activities agricultural policy agricultural research allotments amount benefits budget capital chapter co-op commodities competition conservation consumers crop insurance decisions decrease demand domestic Economic Research Service effect example expenditures export subsidies F. A. Hayek farm products farm programs farmers federal food assistance food stamp food stamp program funded Government Printing Office government programs groups higher Ibid important incentive problems income redistribution increase individual inputs instituted land legislation loan rate Lorenz curve market failure market price marketing orders ment milk million Moreover nonfarm nonrecourse loan opportunity cost outlays output Pareto criterion parity payments peanut percent perfect competition political process price supports price-support programs product prices quota received reduce rent seeking restrictions sector soil stabilize subsidized credit sugar program supply tariffs tion tobacco tobacco program trade U.S. agriculture U.S. farm U.S. Government Printing United USDA Washington wheat