ECONOMIC CONSEQUENCES OF FEDERAL FARM COMMODITY PROGRAMS, 1953-72
| dc.creator | Nelson, Frederick J. | |
| dc.creator | Cochrane, Willard W. | |
| dc.date | 2017-04-01T20:20:03Z | |
| dc.date.accessioned | 2026-07-09T07:01:08Z | |
| dc.description | Farm programs of the Federal Government kept farm prices and incomes higher than they otherwise would have been in 1953-65, thereby providing economic incentives to growth in output sufficient to keep farm prices lower than otherwise during 1968-72. The latter result differs significantly from findings in other historical free market studies. These conclusions stem from an analysis of the programs in which a two-sector (crops and livestock) econometric model was used to simulate historical and free-market production, price, and resource adjustments in U.S. agriculture. Supplies are affected by risk and uncertainty in the model, and farm technological change is endogenous. | |
| dc.identifier | doi:10.22004/ag.econ.147691 | |
| dc.identifier | https://ageconsearch.umn.edu/record/147691/files/3Nelson_28_2.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/147691 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/583556 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/147691 | |
| dc.title | ECONOMIC CONSEQUENCES OF FEDERAL FARM COMMODITY PROGRAMS, 1953-72 | |
| dc.type | Text |