The 1996 Farm Bill, now known as the FAIR (Federal Agricultural Improvement and Reform) Act of 1996, has been portrayed as reforming U.S. agricultural policy. Gone are set aside and base acreage controls over farm planting decisions. Gone, too, are deficiency payment programs that provided...

Alchian and Allen hypothesized that a country will export high rather than low quality goods. Here we show that if the inherent attributes of the commodities are identical the country will only export the high-quality good.

Market-oriented policy reforms have potentially important effects on farm-level grain production and utilization decisions in developing countries. This paper provides an empirical evaluation of the potential effects of market liberalization in China on farm-level wheat consumption, market...