2002 US farm bill
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Roberts, Ivan
Jotzo, Frank
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Australian Bureau of Agricultural and Resource Economics
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Abstract
The new US farm bill, which was signed into law in May 2002, will provide US farmers with more support and largely insulate their production decisions from world market signals. A likely result is lower and more variable world market prices than would otherwise prevail. It is bad news for Australia's export oriented farmers and could make it more difficult to reach a successful outcome to the present WTO negotiations on agriculture.
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Australian Commodities
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Publication