ARE CURRENT COMMODITY PROGRAMS OUTDATED? COMMENTS ON THE KNUTSON AND TWEETEN ARGUMENTS Article Swipe
Knutson makes some agreeable points: the farm sector (or at least a worrisome part of it) is financially strapped; the stress will likely continue because supplies seem to outrun demand; farm policy needs to recognize macro conditions; and sugar, tobacco, and dairy policy are indefensible. I disagree, however, with many of Knutson's arguments in support of current commodity programs. First, Knutson suggests substantial changes have occurred in program orientation, and that flexibility is a highly relevant policy characteristic. Johnson, Paarlberg, Rasmussen, Tweeten, and a host of others, read history differently and insist that today's commodity programs are largely unchanged from the original 1930-1950 legislation. They claim current policy has failed to meet changing market conditions and to meet policy goals. Knutson offers as evidence of change the Act of 1973 which established target prices and loan rates as dual features of the commodity program. Target prices, he believes, allowed producer returns to be maintained .. at politically acceptable levels . and lowering loan rates ... has encouraged exports. Surely neither contention can be supported given the experience of the current farm program. Target prices have not Harry W. Ayer is Adjunct Professor and Extension
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https://openalex.org/W1598185073Canonical identifier for this work in OpenAlex
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https://doi.org/10.22004/ag.econ.32312Digital Object Identifier
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ARE CURRENT COMMODITY PROGRAMS OUTDATED? COMMENTS ON THE KNUTSON AND TWEETEN ARGUMENTSWork title
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articleOpenAlex work type
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enPrimary language
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1985Year of publication
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Harry W. AyerList of authors in order
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greenOpen access status per OpenAlex
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| abstract_inverted_index.differently | 92 |
| abstract_inverted_index.established | 134 |
| abstract_inverted_index.financially | 17 |
| abstract_inverted_index.flexibility | 74 |
| abstract_inverted_index.politically | 160 |
| abstract_inverted_index.substantial | 65 |
| abstract_inverted_index.legislation. | 106 |
| abstract_inverted_index.orientation, | 71 |
| abstract_inverted_index.indefensible. | 44 |
| abstract_inverted_index.characteristic. | 80 |
| cited_by_percentile_year | |
| corresponding_author_ids | https://openalex.org/A5012354112 |
| countries_distinct_count | 0 |
| institutions_distinct_count | 1 |
| sustainable_development_goals[0].id | https://metadata.un.org/sdg/3 |
| sustainable_development_goals[0].score | 0.7099999785423279 |
| sustainable_development_goals[0].display_name | Good health and well-being |
| citation_normalized_percentile.value | 0.21696094 |
| citation_normalized_percentile.is_in_top_1_percent | False |
| citation_normalized_percentile.is_in_top_10_percent | False |