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Major reform initiatives are analysed and their impacts assessed. Criteria for alternative, less distorting and more equitable policy options are put forward. The potential for application of specific new or alternative policy instruments is studied.
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14-May-2008
Governments intervene in the agricultural sector through policies that both support and shape agricultural production. This leads to two important outcomes. First, agriculture specific programmes intended to increase the welfare of farmers can become capitalised into asset values. Second, many policies, in particular regulatory ones, reduce asset mobility, resulting in reduced economic efficiency due a sub-optimal allocation of resources.
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