Abstract
As noted in Chapter 2, many governments attempt to use prices as a means of achieving income objectives for their farmers. It is hoped that higher output prices would result in higher and more satisfactory farm incomes. As argued later (Chapter 9), such an expectation has little realism. The aim in this chapter is to illustrate some of the effects of distortions in prices on the use of farm resources.
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Notes and References
W.E. Pearson and R.E. Friend, The Netherlands Mixed Feed Industry (Washington: United States Department of Agriculture, 1970), p. 36
and The Agricultural Situation in the Community: 1987 Report (Brussels: Commission of the European Community, 1988), pp. 245–46.
Marc Nerlove, The Dynamics of Supply: Estimation of Farmers’ Response to Price (Baltimore: Johns Hopkins Press, 1958), ch. VIII.
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© 1991 D. Gale Johnson
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Johnson, D.G. (1991). Agricultural Prices and the Use of Resources. In: World Agriculture in Disarray. Trade Policy Research Centre. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-21248-4_6
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DOI: https://doi.org/10.1007/978-1-349-21248-4_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-54627-7
Online ISBN: 978-1-349-21248-4
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