Experiences with Recent Price Stabilization Programs for Agriculture
The stabilization of farm prices and incomes has been a goal of all farm legislation dating back to the establishment of the Farm Board in 1929. After the Farm Board concept failed in the wake of the great crash of 1929, price stabilization turned more and more toward price supports with prices set above market equilibrium. To absorb the differential quantities that arose, loan and storage programs were established for major commodities. Stocks of accumulated grain were used in times of war or world grain production shortfalls to even out the flow of food to consumers
Administered Pricing by Cooperatives: Effect on Producer and Consumer Prices and Sales of Fluid Milk
Considerable controversy exists with regard to pricing agricultural commodities, especially when pricing departs from classical market concepts dependent on equating supply and demand. In a recent study of alternative Class I pricing systems, it was suggested that “pricing of milk and dairy products is one of the major policy issues to be resolved in the 1970s”. A different pricing system in federal milk orders was considered urgent enough that a concentrated study of pricing alternatives was pursued by the U.S. Department of Agriculture.
Die wisselwerking tussen ekonomiese en konstitusionele hervormings in Suid‐Afrika
Abstract This article deals with the interplay between economic and constitutional reforms in South Africa. Historical and contemporary forces which obtain in these spheres are taken into consideration after which a number of conclusions are drawn.