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Estimates Of Government Intervention Levels In U.S. Peanut Markets

Published online by Cambridge University Press:  09 September 2016

Bill R. Miller  and
Carl Mabbs-Zeno
Bill R. Miller
Affiliation:
Department of Agricultural Economics, University of Georgia, Athens
Carl Mabbs-Zeno
Affiliation:
Trade Policy Branch, Economic Research Service, U.S. Department of Agriculture
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Abstract

Unilateral liberalization of U.S. peanut policy was evaluated using a model of U.S. and world peanut supply and demand. Under the proposed policy, world peanut price would rise slightly to $.20 per pound at the U.S. farm level. U.S. production would decline by 578 million pounds per year and would be offset by imports of 582 million pounds. U.S. net farm income would fall by $405 million per year. Lost income per farm would be $21,000 per year while the average outlay of consumers would decrease by $.84 per person at farm level price. Government expenditures would be virtually unchanged because of the market orientation of current policy.

Keywords

trade liberalizationpeanut policysupplydemandPSE
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 24 , Issue 1 , July 1992 , pp. 153 - 162
Copyright
Copyright © Southern Agricultural Economics Association 1992

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