Agricultural Policy Reform In The United States
(Daniel A. Sumner)
This book is a collection of essays that critique recent U.S. agriculture policy and propose alternatives to the current regulatory regime. The editor is Frank H. Buck, Jr., Professor of Agricultural Economics, University of California, Davis. The introduction to the book follows.
For most of this century the United States and other wealthy countries have applied intensive regulations to agricultural prices, production, and practices. In addition to regulation, these nations have pursued complex schemes of direct income subsidies for producers of selected crops. Recently, some progress toward more market orientation in agricultural policy has been made. While moderate at best, the continuing reforms are encouraging to those who believe that the world would benefit from less subsidy and regulation of agriculture. Although change has been slow and difficult, there is growing evidence that agricultural policy is responsive to well-developed empirical arguments that demonstrate the unwelcome consequences of current policy interventions and the benefits of specific reforms. For several decades, the American Enterprise Institute has helped create the analytical underpinning for many agricultural reform efforts. This book represents a continuation of that effort.
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