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Ethanol subsidies are well established in U.S. policy and have high priority in corn growers' political agenda. This paper develops a vertical market model of ethanol, byproducts, and corn which is used to analyze whether corn growers would prefer the government's subsidy dollar to be spent directly on corn subsidies (though deficiency payments) rather than(More)
Agricultural policy is rooted in the 1930s notion that providing transfers of money to the farm sector translates into increased economic well-being of farm families. This report shows that changes in income for the farm sector or for any particular group of farm businesses do not necessarily reflect changes confronting farm households. Farm households draw(More)
ACKNOWLEDGMENTS This report was commissioned in early 2000 by the Maryland Department of Agriculture (MDA), and carried out at the Center for Agricultural and Natural Resource Policy in the University of Maryland's Agricultural and Resource Economics Department. MDA financed the project, including funding the position of Robert Chase as a researcher during(More)
All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. We can be most helpful in locating the bottlenecks and constraints to growth and suggest means to their alleviation. In this, we sometimes have to operate at the frontier of(More)
Cooperative enterprise has appeal as a means of filling gaps in the economic institutions of the rural sectors of the transition economies of Central and Eastern Europe and the former Soviet Union. But in addition to problems that have faced cooperatives in the West because of their inherent characteristics, the Soviet-era legacy created cultural burdens(More)
as The Chicago Council on Foreign Relations, is a leading independent, nonpartisan organization committed to influencing the discourse on global issues through contributions to opinion and policy formation, leadership dialogue, and public learning. The Chicago Council on Global Affairs is a leading independent, nonpartisan organization committed to(More)
Farm policy in both United States and Canada has moved away from governmental regulation of commodity markets and toward individual risk management in recent years. This paper reviews lessons learned from recent experience, and considers the implications for price risk management policy in developing countries. The traditional cornerstone of U.S. risk(More)