English, Article edition: Agricultural Policy: High Commodity and Input Prices Schmitz, Andrew; Furtan, Hartley; Schmitz, Troy G.

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Agricultural Policy: High Commodity and Input Prices
Author
  • Schmitz, Andrew
  • Furtan, Hartley
  • Schmitz, Troy G.
Physical Description
  • article
Notes
  • 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 deal with the possibility of a collapse of world commodity markets. Agricultural commodity prices have dropped significantly since early 2008.
  • agricultural policy, high commodity prices, input prices, Agricultural and Food Policy,
  • RePEc:ags:arerjl:49862
Language
  • English
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