This paper discusses economic arguments for government intervention and support in agriculture. Two types of arguments seem plausible. The first one refers to the classical view that agriculture has a chronic income problem and therefore governments must intervene to ensure a fair income...

When it comes down to reality the political objective of securing reasonable income to farmers succeeds all other objectives in agricultural policy making. To be able to evaluate policy and design new policy it is of vital importance to know the overall income situation and how the agricultural...

The development of theory on agricultural income problems springs from empirical investigations showing that agricultural income is unstable over time, and that compared to other trades, it is diminishing. The theorists explain this with the fact that agricultural production factors are...

The Common Agricultural Policy (CAP) was founded in the 1950s with price support as the main policy instrument. Despite massive criticism from both within and outside the EU, price support remains the backbone of the CAP. This paper argues that the choice of price support was logical viewed in...

The Common Agricultural Policy (CAP) was founded in the 1950s with price support as the main policy instrument. Despite massive criticism from both within and outside the EU, price support remains the backbone of the CAP. This paper argues that the choice of price support was logical viewed in...

There were two schools of thought to the roots of the farm depression in the United States during the 1920s. One school argued that there was overcapacity in agriculture and recommended production adjustment programs. Another school argued that the problem of agriculture had to do with financial...