The United States : from GATT to the Farm Bill. - (:unkn) unknown (My University)
The article discusses US production of cereals and oilseeds in the post-GATT period. Once responsible for 30 of production and 50 of exports in these sectors, the US position has declined in the last fifteen years due to Asian, European and Latin American competition, the strengthening of the dollar in the 1980s and the inflexibility of government price support. Recent seasons have seen a strengthening of the US position, however, and the impact of market surge in China and the Uruguay and North American free trade accords is expected to be significant, as are changes to the Farm Bill in 1995, which inter alia is intended to reduce subsidies overall and make them more sensitive to market conditions.
The article discusses US production of cereals and oilseeds in the post-GATT period. Once responsible for 30 of production and 50 of exports in these sectors, the US position has declined in the last fifteen years due to Asian, European and Latin American competition, the strengthening of the dollar in the 1980s and the inflexibility of government price support. Recent seasons have seen a strengthening of the US position, however, and the impact of market surge in China and the Uruguay and North American free trade accords is expected to be significant, as are changes to the Farm Bill in 1995, which inter alia is intended to reduce subsidies overall and make them more sensitive to market conditions.
Keywords: América; Comercio exterior.; Comercio.; Estados unidos de américa; Exportaciones.; Mercados mundiales.; Mercados.; Política de producción.; Política de sostenimiento.; Política económica.; Política.; Productos de origen vegetal.; Semillas oleaginosas.