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| Chen, Changping; Fletcher, Stanley M.. |
| This study analyzed the potential economic impacts of the FAIR Act under GATT and NAFTA on the U.S. peanut industry. Results indicate that the economic impacts of the new program combined with the trade agreements are profound on the peanut industry in both short and long terms. Changes of the peanut program could decrease peanut producers' farm income substantially, eliminate government financial costs related to excessive quotas, and transfer peanut growers' program benefits back to peanut consumers. Increasing imports of foreign peanuts due to free/reduced trade barrier agreements would transfer peanut producers' program benefits to domestic peanut importers and foreign exporters who sell peanuts to the U.S. Note: Tables 3 and 4 not included in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Economic impacts; FAIR Act; Peanuts; Quota; Support price; Agricultural and Food Policy; Crop Production/Industries. |
| Ano: 1997 |
URL: http://purl.umn.edu/16698 |
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| Lence, Sergio H.; Hayes, Dermot J.. |
| A dynamic three-commodity rational-expectations storage model is used to compare the impact of the Federal Agricultural Improvement and Reform (FAIR) Act of 1996 with a free-market policy, and with the agricultural policies that preceded the FAIR Act. Results support the hypothesis that the changes enacted by FAIR did not lead to permanent significant increases in the volatility of farm prices or revenues. An important finding is that the main economic impacts of the pre-FAIR scenario, relative to the free-market regime, were to transfer income to farmers and to substitute government storage for private storage in a way that did little to support prices or to stabilize farm incomes. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: FAIR Act; Price volatility; Storage; Agricultural and Food Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/18937 |
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