Some sectors of Australian and New Zealand farming have been heavily assisted in the past. New Zealand underwent an economy-wide deregulation in the mid-to-late 980s that included abrupt removal of practically all agricultural assistance. Policy reform in Australia has been more gradual and is...

Pressures for the reform of agricultural policies in wealthy countries will increase. Current policies are expensive and inefficient and impose substantial costs on countries that cannot afford to subsidize their agricultural sectors. A major political impediment to policy reform is the real or...