Agricultural Economics Research Vol 32 PDF Download

Excerpt from Agricultural Economics Research, Vol. 31: No. 4; October 1979 The basic objective of the model specification is to allow a determina tion of free-market, price-quantity time paths that would result if no controls had been imposed on the peanut industry. These paths can be compared with actual price-quantity time paths to determine the net effects of control. The cost of control programs is represented by: (1) direct costs - CCC losses incurred in buying and selling commodities for support operations, and program administrative expenses; (2) indirect costs arising when con sumers pay higher prices for finished products as a consequence of con trols; (3) and welfare costs that accrue when the sum of change in producers' and consumers' surpluses due to con trols is negative. Any of these costs may become benefits, of course, although generally this has not hap pened in domestic agricultural control programs. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.