English, Article, Journal or magazine article edition: Is There Supply Distortion In The Green Box? An Acreage Response Approach Bakhshi, Samira; Kerr, William A.

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Bookmark: http://trove.nla.gov.au/version/148243
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Is There Supply Distortion In The Green Box? An Acreage Response Approach
Author
  • Bakhshi, Samira
  • Kerr, William A.
Physical Description
  • preprint
Notes
  • The shift of the farm subsidies toward programs classified as being decoupled income supports in the WTOâs URAA raises the question of their true impact on production and trade. In this study, we measured the acreage effects of the Canadian whole farm programs under uncertainty. Based on the theoretical discussions regarding the role of the insurance effect in acreage decisions, we extend the theoretical restrictions examined by Chavas and Holt (1990)which enables us to include this effect in our model specification. Hence, we modified the expected utility maximization framework (under the hypothesis that farmers are risk averse)developed by Chavas and Holt (1990) and derived three distinct effects: market effects, the wealth effect, and the insurance effect.
  • WTO, decoupled, green box, area, production, Agricultural and Food Policy, Crop Production/​Industries, International Relations/​Trade, Production Economics,
  • RePEc:ags:catpwp:51093
Language
  • English
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