Agricultural Policy: High Commodity and Input Prices

Schmitz, Andrew, Furtan, Hartley, Schmitz, Troy G., Agricultural and Resource Economics Review

Because of high commodity prices, beginning in 2006, subsidies to farmers in the United States, the European Union, and Canada have been reduced significantly. However, significant losses have been experienced by the red meat sector, along with escalating food prices. Because of rising input costs, the "farm boom" may not be as great as first thought. Ethanol made from corn and country-of-origin labeling cloud the U.S. policy scene. Higher commodity prices have caused some countries to lower tariff and non-tariff barriers, resulting in freer commodity trade worldwide. Policymakers should attempt to make these trade-barrier cuts permanent and should rethink current policy legislation to …

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Publication information: Article title: Agricultural Policy: High Commodity and Input Prices. Contributors: Schmitz, Andrew - Author, Furtan, Hartley - Author, Schmitz, Troy G. - Author. Journal title: Agricultural and Resource Economics Review. Volume: 38. Issue: 1 Publication date: April 2009. Page number: 18+. © Northeastern Agricultural and Resource Economics Association Oct 2008. Provided by ProQuest LLC. All Rights Reserved.

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