Journal Article

From Prices to Incomes: Agricultural Subsidization without Protection?

John Baffes and Jacob Meerman

in The World Bank Research Observer

Published on behalf of World Bank

Volume 13, issue 2, pages 191-211
Published in print August 1998 | ISSN: 0257-3032
Published online August 1998 | e-ISSN: 1564-6971 | DOI: http://dx.doi.org/10.1093/wbro/13.2.191
From Prices to Incomes: Agricultural Subsidization without Protection?

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Drawing from the experience of the direct income support programs recently introduced in the European Union, Mexico, and the United States, this article highlights problems that may arise when the agricultural sector of a developing economy moves from price-based subsidization to less distorted income support. Such programs are a step in the right direction, but as currently implemented, they have many shortcomings. Moreover, developing countries may lack the necessary supporting arrangements needed to make such programs effective. The article argues that the programs should not restrict the use of land, that the programs should last for a stipulated period of time, and that the fiscal costs should be contained by linking income support payments to world prices.

Journal Article.  0 words. 

Subjects: Development Planning and Policy

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