Abstract: Government agriculture price support programs lead to inefficient allocation of resources, as well as highly inequitable rent returns to certain farm owners. At the same time, it is clear that society is not willing to leave the farmer to the vagaries of the market. This paper offers a suggestion for a Government support program that would not discriminate among farmers, and even more important, not discriminate among products, and at the same time minimize the disutility caused by the uncertainties of agricultural production.
Publication Year: 1968
Publication Date: 1968-07-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 3
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