The Economic Impact of Public Support to Agriculture: An International Perspective
Despite a gradual and sustained decline in the contribution of agriculture to the economies of the member countries of the Organization for Economic Cooperation and Development (OECD), the sector remains socially and politically important. Although agriculture accounts for less than 2% of the gross domestic product of the OECD countries, it occupies over 35% of their total land area. Predominantly rural regions, where agriculture remains particularly important, contain almost one quarter of the population of OECD countries. The past quarter century has witnessed significant changes in agricultural po- cies in OECD countries. Although total support remains high, a shift has taken place from price-linked measures to direct income support, most notably in the European Union. Policies have been adapted to meet pressing social concerns, such as ens- ing food security and improving environmental quality. OECD countries face major economic issues due to the ageing of their populations and the need to adapt to gl- alization and increasing competition from emerging economies. Continued pressure to reform agricultural policies will be exerted by the need to economize on the use of scarce public resources. At the same time, agriculture faces new challenges g- erated by climate change, the “greening” of the economy, increasing scarcity of energy and water, and the demands placed on the food system by an expanding world population.
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The Economic Impact of Public Support to Agriculture: An International Perspective
Despite a gradual and sustained decline in the contribution of agriculture to the economies of the member countries of the Organization for Economic Cooperation and Development (OECD), the sector remains socially and politically important. Although agriculture accounts for less than 2% of the gross domestic product of the OECD countries, it occupies over 35% of their total land area. Predominantly rural regions, where agriculture remains particularly important, contain almost one quarter of the population of OECD countries. The past quarter century has witnessed significant changes in agricultural po- cies in OECD countries. Although total support remains high, a shift has taken place from price-linked measures to direct income support, most notably in the European Union. Policies have been adapted to meet pressing social concerns, such as ens- ing food security and improving environmental quality. OECD countries face major economic issues due to the ageing of their populations and the need to adapt to gl- alization and increasing competition from emerging economies. Continued pressure to reform agricultural policies will be exerted by the need to economize on the use of scarce public resources. At the same time, agriculture faces new challenges g- erated by climate change, the “greening” of the economy, increasing scarcity of energy and water, and the demands placed on the food system by an expanding world population.
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The Economic Impact of Public Support to Agriculture: An International Perspective

The Economic Impact of Public Support to Agriculture: An International Perspective

The Economic Impact of Public Support to Agriculture: An International Perspective

The Economic Impact of Public Support to Agriculture: An International Perspective

Overview

Despite a gradual and sustained decline in the contribution of agriculture to the economies of the member countries of the Organization for Economic Cooperation and Development (OECD), the sector remains socially and politically important. Although agriculture accounts for less than 2% of the gross domestic product of the OECD countries, it occupies over 35% of their total land area. Predominantly rural regions, where agriculture remains particularly important, contain almost one quarter of the population of OECD countries. The past quarter century has witnessed significant changes in agricultural po- cies in OECD countries. Although total support remains high, a shift has taken place from price-linked measures to direct income support, most notably in the European Union. Policies have been adapted to meet pressing social concerns, such as ens- ing food security and improving environmental quality. OECD countries face major economic issues due to the ageing of their populations and the need to adapt to gl- alization and increasing competition from emerging economies. Continued pressure to reform agricultural policies will be exerted by the need to economize on the use of scarce public resources. At the same time, agriculture faces new challenges g- erated by climate change, the “greening” of the economy, increasing scarcity of energy and water, and the demands placed on the food system by an expanding world population.

Product Details

ISBN-13: 9781441963840
Publisher: Springer New York
Publication date: 08/16/2010
Series: Studies in Productivity and Efficiency , #7
Edition description: 2010
Pages: 348
Product dimensions: 6.10(w) x 9.25(h) x 0.03(d)

Table of Contents

1 Introduction and Overview V. Eldon Ball Roberto Fanfani Luciano Gutierrez 1

Part I New Directions in Agricultural Policy: US and European Perspectives

2 Recent Developments and Applications from the OECD Toolbox Carmel Cahill Roger Martini 11

3 US and EU Agricultural Policy: Divergence or Convergence? Andrew Schmitz Troy G. Schmitz 41

4 The "Health Check" of the CAP Reform: Lessons from Its Impact Assessment Tassos Haniotis 67

5 The Incidence of US Farm Programs Julian M. Alston 81

Part II Agricultural Policy and Economic Performance

6 Impact of Subsidies on Farm Productivity and Efficiency Subal C. Kumbhakar Gudbrand Lien 109

7 Productivity and Profitability of US Agriculture: Evidence from a Panel of States V. Eldon Ball Rolf Färe Shawna Grosskopf Dimitri Margaritis 125

Part III Energy and Agricultural Policy

8 Biofuels Expansion in a Changing Economic Environment: A Global Modeling Perspective May Peters Richard Stillman Agapi Somwaru 143

9 Ethanol and Corn Prices: The Role of US Tax Credits, Mandates, and Imports Harry de Gorter David R. Just 155

10 Modeling the Effects of U.S. Biofuel Policies on Commodity and Energy Markets C.S. Kim Glenn Schaible Stan Daberkow 171

11 Biofuels Versus Food Competition for Agricultural Resources: Impacts on the EU Farming Systems Massimo Canali Maurizio Aragrande 191

Part IV International Trade and Domestic Agricultural Policy

12 WTO Compliance and Domestic Farm Policy Change Tim Josling 213

13 Agricultural Competitiveness V. Eldon Ball J.-P. Butault Carlos San Juan Ricardo Mora 243

14 The Behavior of Relative Food Prices: An Analysis across the European Countries Luciano Gutierrez Cristina Brasili Roberto Fanfani 273

Part V Commodity Programs and Risk Management

15 The Political Economy of the US Crop Insurance Program Bruce A. Babcock 293

16 Aggregation and Arbitrage in Joint Production V. Eldon Ball Ricardo Cavazos Jeffrey LaFrance Rulon Pope Jesse Tack 309

17 Standard and Bayesian Random Coefficient Model Estimation of US Corn-Soybean Farmer Risk Attitudes Michael Livingston Ken Erickson Ashok Mishra 329

Index 345

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