This paper focuses on the political economy of United States (U.S.) farm policy since the Uruguay round trade negotiations concluded in 1994 and established the World Trade Organization (WTO). The continued ability of the powerful farm lobby in the U.S. to elicit support in the political arena...

The producer support estimate (the successor to the producer support equivalent) calculated by the OECD is widely used as an indicator of distortions created by agricultural policies. In this paper we demonstrate that changes in the relative (percentage) PSE are not an accurate indicator of the...

This paper focuses on the political economy of United States (U.S.) farm policy since the Uruguay round trade negotiations concluded in 1994 and established the World Trade Organization (WTO). The continued ability of the powerful farm lobby in the U.S. to elicit support in the political arena...