U.S. Farm Policy and the WTO: How Do They Match Up?

Date
2002-01-01
Authors
Babcock, Bruce
Hart, Chad
Babcock, Bruce
Hart, Chad
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Economics
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Abstract

The debate over a new farm bill has focused on how to spend an additional $73.5 billion in funding for the agricultural budget over ten years. The House of Representatives, the Senate Agriculture Committee, and Senators Cochran and Roberts (supported by the Bush Administration) have each proposed a structure for the next farm bill. A critical question becomes whether these proposals conflict with U.S. commitments to limit subsidies under the World Trade Organization (WTO) agreement. This paper explores this issue and concludes with a discussion of the future direction of U.S. farm subsidies and new WTO agreements.

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<p>This is an article from <em>The Estey Centre Journal of International Law and Trade Policy</em>, 3(1) 2002; 119-139. Posted with permission.</p>
Keywords
agricultural policy, domestic support, trade commitments, WTO.
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