| 来源类型 | Report |
| 规范类型 | 报告 |
| US farm policy and trade: The inconsistency continues | |
| Joseph W. Glauber; Daniel A. Sumner | |
| 发表日期 | 2017-10-19 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Key Points US agriculture trade has expanded dramatically over the past 25 years and is expected to increase because of increasing global demand, unless new US or foreign trade barriers disrupt it. Despite the burgeoning global demand, the USof world trade for many commodities will likely fall as foreign farm productivity and competitiveness improves. The inconsistency between US farm policy and trade policy first noted by D. Gale Johnson as early as 1950 remains a major concern. While specifics have changed, US farm policy remains in conflict with the sort of open international markets that Johnson envisioned and that would most benefit US and world agriculture and the economy more broadly. Creation of the World Trade Organization and other trade agreements have significantly reduced export subsidies and tariff and nontariff barriers to trade. Those reforms have also brought US farm policies under closer scrutiny and discipline. Read the full PDF. Executive Summary Trade has always been important for US agriculture, but over the past 50 years, US producers and consumers have become increasingly linked to global markets. This paper provides an overview of US international trade policies and discusses the trade implications and economic consequences of these policies. This paper also outlines policy reforms, many due to trade agreements and the World Trade Organization’s (WTO) influence, which have lowered tariffs, increased trade, and fostered income growth for farms and lower prices for consumers. Despite such progress, distortions remain, notably in high tariffs for a handful of commodities, price and income subsidies, government-sponsored crop insurance, and dairy subsidy programs. These policies continue to transfer billions of dollars from taxpayers and consumers to farms and agribusinesses, distort crop prices in global markets, and expose the United States to challenges under WTO rules. As Congress prepares for the 2018 Farm Bill, the impact of farm policies on international markets should be a central concern to help build prosperity for producers and consumers. Introduction Trade is natural. Humans (and other species) trade with other individuals and groups trade with other groups because the natural gains from trade are so compelling. International trade is simply the result of trades that cross national boundaries.1 There is nothing special about international trade except that national governments seem to be more attune to taxing and regulating such trade—and nowhere more than in agriculture. As longtime students of agricultural and trade policy may have noticed, our title refers back to D. Gale Johnson’s famous 1950 study of the inconsistencies between agricultural and trade policy. In this paper we show that, while specifics have changed in the past 70 years, US farm policy remains inconsistent with the sort of open international markets that Johnson envisioned and that would most benefit US and world agriculture and the economy more broadly. Read the full report. Notes |
| 主题 | American Boondoggle ; Economics |
| 标签 | Agricultural Policy in Disarray Series ; Agriculture policy ; American Boondoggle ; farm bill ; Trade policy |
| URL | https://www.aei.org/research-products/report/us-farm-policy-and-trade-the-inconsistency-continues/ |
| 来源智库 | American Enterprise Institute (United States) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/206450 |
| 推荐引用方式 GB/T 7714 | Joseph W. Glauber,Daniel A. Sumner. US farm policy and trade: The inconsistency continues. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| US-Farm-Policy-and-T（2036KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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