THE FUTURES' MARKET AND FARM PROGRAMS |
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| Authors: | G. LERMER |
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| Affiliation: | Assistant Professor of Economics, Sit George Williams University, Montreal, Quebec. |
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| Abstract: | Government agriculture price support programs lead to inefficient allocation of resources, as well as highly inequitable rent returns to certain farm owners. At the same time, it is clear that society is not willing to leave the farmer to the vagaries of the market. This paper offers a suggestion for a Government support program that would not discriminate among farmers, and even more important, not discriminate among products, and at the same time minimize the disutility caused by the uncertainties of agricultural production. |
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