The Indian Price Support Conundrum: To Phase Out or Out of Phase?
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This article was written by UC Davis ARE PhD student Raghav Raghunathan. It is the fourth of six excellent articles written by students in my ARE 231 class this fall. Agricultural markets both globally and regionally are highly distorted by government intervention, especially in developing regions such as the Indian subcontinent and sub Saharan Africa. Agricultural markets in these economies experience multiple policy interventions, creating perverse incentives that either suppress or amplify production. I highlight one such example in this article: public procurement of farm produce, mainly wheat and rice, in India.
The Indian Price Support Conundrum: To Phase Out or Out of Phase?
The Indian Price Support Conundrum: To Phase…
The Indian Price Support Conundrum: To Phase Out or Out of Phase?
This article was written by UC Davis ARE PhD student Raghav Raghunathan. It is the fourth of six excellent articles written by students in my ARE 231 class this fall. Agricultural markets both globally and regionally are highly distorted by government intervention, especially in developing regions such as the Indian subcontinent and sub Saharan Africa. Agricultural markets in these economies experience multiple policy interventions, creating perverse incentives that either suppress or amplify production. I highlight one such example in this article: public procurement of farm produce, mainly wheat and rice, in India.