Traditional notions about the "farm problem" may have to be reconsidered in light of the changing economic characteristics of industrialized agriculture. These changing conditions will affect the opportunity set of policy alternatives available to policy makers in developed countries. Changes in...

The U.S. House of Representatives and Senate have written farm bills that contain major revisions in farm commodity programs. Differences in these bills, House bill HR 2854 and Senate bill S 1541, must now be resolved by a Conference Committee, approved by a final vote of both houses of...