Regulation in the U.S. rice industry, 1965-89

A partial equilibrium framework is used to estimate the deadweight loss arising from government intervention in the U.S. rice market in order to protect domestic producers. The efficiency of the rice program is compared to other grain programs. Deadweight losses relative to taxpayer and consumer cos...

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Bibliographic Details
Published in:American journal of agricultural economics 1990-11, Vol.72 (4), p.1056-1065
Main Authors: Cramer, G.L. (University of Arkansas), Wailes, E.J, Gardner, B, Lin, W
Format: Article
Language:English
Subjects:
acreage control
AGRICULTEUR
AGRICULTORES
Agricultural industry
Agricultural policy
ARROZ
COSTOS SOCIALES
COUT SOCIAL
Deadweight loss
decoupling
DESVIACION DEL USO DE LA TIERRA
DIVERSION DES TERRES
ESTADOS UNIDOS DE AMERICA
ETATS UNIS
EXCEDENT
EXCEDENTES
Free markets
Loan payments
Loan rates
MANTENIMIENTO DE LOS PRECIOS
MARCHE INTERIEUR
Market prices
Marketing
Marketing assistance loans
MERCADO INTERIOR
MODELE MATHEMATIQUE
MODELOS MATEMATICOS
POLITICA AGRICOLA
POLITICA DE PRODUCCION
POLITIQUE AGRICOLE
POLITIQUE DE LA PRODUCTION
PRECIOS
PRECIOS DE MERCADO
PRIX
PRIX DE MARCHE
Producer surplus
REGLEMENTATION DES MARCHES
REGULACIONES DEL MERCADO
RENTA
REVENU
Rice
rice programs
RIZ
SOUTIEN DES PRIX
SUPERFICIE DE LA EXPLOTACION
Supply
SURFACE D'EXPLOITATION
TRANSFERENCIA DEL INGRESO
TRANSFERT DES REVENUS
U.S.A
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Description
Summary:A partial equilibrium framework is used to estimate the deadweight loss arising from government intervention in the U.S. rice market in order to protect domestic producers. The efficiency of the rice program is compared to other grain programs. Deadweight losses relative to taxpayer and consumer costs from rice programs in recent years were only slightly higher compared to the same measure associated with major commodity programs. The primary source of deadweight losses in rice programs result from set-asides. The potential savings from completely decoupling the rice program are estimated to reach $387 million for 1987.
ISSN:0002-9092
1467-8276
DOI:10.2307/1242637