Agricultural Price Support Policy

Study of agricultural price and related price policies in developing countries, with partic. Reference to India - discusses trends (1954- 1980), objectives of price supports and administered prices, difference between pricing of agricultural products and industrial products, price-elasticity of agricultural production, calculation of price index numbers of wholesale price and retail price, seasonal price variations, importance of production cost in pricing, impact of terms of trade and agricultural markets, etc. Bibliographys and graphs.

Naast een analyse van de prijsontwikkelingen op de landbouwmarkt sinds begin 1970 en van het beleid hierbij in voornamelijk de ontwikkelingslanden, wordt ook het prijzenbeleid in de rijkere landen bekeken, die internationaal meer invloed hebben, en in de centraal geregeerde landen, deze laatste zowel inhoudende de meer welvarende als de minder welvarende landen

The international environment for national price policies; Domestic market intervention; Production response, technology, and commercialization; Consumers' welfare.

Attempts to connect the diverse aspects of appropriate price policy in the following sequence: 1) the implementation issues and impact on the domestic marketing sector, 2) the nature of the world market price, 3) the disaggregated effects on producers and consumers, 4) the short-run macro effects on budgetary, fiscal, and monetary policy, 5) the impact of macro prices, especially the foreign exchange rate, 6) the spillover effects of price policy for one commodity market on other commodity and factors markets, on the agricultural sector as a whole, and on the entire economy, 7) the dynamic effects on employment, investment, and economic growth (Author).