Substantial structural change is taking place in EU agriculture. Average farm size is increasing and labour is continuing to move out of the sector. Slow growth in food demand and the effects of technological change on supply are likely to exert downward pressure on real agricultural prices....

Arguments for adjustment policies center on efficiency, equity and political economy considerations. The principal types of policies, targeted to individuals, firms or communities, are reviewed. A number of general issues relating to adjustment policies are identified.

The concept of multifunctionality, in which agriculture is viewed as a source of both commodity and non-commodity outputs, has stimulated debate on the desirability of further trade liberalization. We explore the economics of multifunctionality and its policy implications. We argue for a new...

The majority of the dairy products imported by the United States are intermediate products used in food processing. As such, they are demanded for their components such as milk fat and protein. The implications of the U.S. tariff structure for import demand must be viewed in terms of the...

Estimates of the change in 1970 net farm income resulting from free trade in grains and livestock are derived for ten production regions of the United States. Grains and losses are distributed by six economic classes of farm. Two inequality indices are used to assess the impact on the...

This paper examines the effects of both import quotas and foreign export subsidies on the size of rents from U.S. cheese imports and their division among importers, exportersi, and the government. The analysis suggests that consumers pay a hefty portion of the wholesale price in rents and...