Farm program considerations: Part 6
In this series of columns, we have argued that a) governmental farm program programs are necessary because of the inability of aggregate agriculture on both the supply and demand sides to adjust to low prices in the short-to-medium run, b) current farm programs are ineffective in dealing with the price/income problems that result from extended periods of low prices, c) current farm programs are more expensive than alternative policies that treat the cause of these low price periods, and d) a government supply management program that puts the relatively small amount of a crop that is in exce [node:read-more:link]