Economics (McConnell), 18th EditionChapter 19:
Agriculture: Economics and PolicyIN THIS CHAPTER YOU WILL LEARN: - Why agricultural prices and farm income are unstable.
- Why there has been a huge employment exodus from agriculture to other U.S. industries over the past several decades.
- The rationale for farm subsidies and the economics and politics of price supports (price floors).
- Major criticisms of the price-support system in agriculture.
- The main elements of existing Federal farm policy.
|