The Impact of Price Support on Set-Aside Responses to an Increase in Price Uncertainty.
This paper examines the impact of increased price uncertainty on the decision to set aside croppable land. It is shown that the standard response of increased set-aside may not occur if the commodity in question is also subject to a price-support policy. In this situation, conflicting effects on the set-aside decision arise because an increase in underlying price uncertainty may increase not just the variability but also the expected level of producer prices. Copyright 1994 by Oxford University Press.
Year of publication: |
1994
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Authors: | Fraser, Rob |
Published in: |
European Review of Agricultural Economics. - European Association of Agricultural Economists - EAAE, ISSN 1464-3618. - Vol. 21.1994, 1, p. 131-36
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Publisher: |
European Association of Agricultural Economists - EAAE |
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