Since the early 1970s US monetary and fiscal policies have become a major determinant of the financial health of agriculture in the USA. The difficulties currently facing agriculture are largely due to a lack of effective demand. Farm programmes can do little to correct this. The inability of US farm programmes to deal with the fundamental causes of the farm problem means that the outcome of farm policy is largely determined by macroeconomic policies. This imposes severe limitations on what farm programmes can be expected to achieve.
All Science Journal Classification (ASJC) codes
- Food Science
- Sociology and Political Science
- Economics and Econometrics
- Management, Monitoring, Policy and Law