ARE CURRENT U.S. FARM COMMODITY PROGRAMS OUTDATED? ARGUMENTS IN THE AFFIRMATIVE

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Farm commodity programs devised over one-half century ago have outlived their usefulness. The structure of agriculture is different today than in 1933. Comparatively little excess labor remains in farming. The industry is capable of adjusting to change likely to develop over the next decade or so. Current problems in agriculture are the result of macroeconomic policies and commodity programs. The paper presents elements of a transition program to lower the government's role in supporting farm prices and incomes.

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http://hdl.handle.net/123456789/547487

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https://ageconsearch.umn.edu/record/32320/files/10020259.pdf

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University of Minnesota