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Both taxpayer subsidies to U.S. wheat producers and domestic deadweight losses increased as a result of the U.S. wheat program adopted in 1985. A calculation of the costs and benefits of alternative wheat policies shows that mandatory production controls with no taxpayer expense could have made...
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With the help of a quadratic programming sector model of Saskatchewan agriculture, it is demonstrated that magnitudes or rising energy-price impacts can be significantly different if producers face different levels of trade-demand elasticities. Although consumers would always lose as a result of...
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