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Food price stability and interventions: a new government posture

ABSTRACT

In this paper we argue for the introduction of a more stable agricultural policy, particularly in terms of governmental interventions in the functioning of the several markets for agricultural products as compared to the pattern of such interventions in the recent past. Such greater stability is characterized in two levels. First, a price policy for domestic crops, including buffer stocks, minimum prices and ceiling prices which would indicate the moments for acquisitions to and selling from stocks. Second, for exported crops, a new approach to the practice of commercial policy, especially involving exports less subject to governmental restrictions.

KEYWORDS:
Agricultural policy; minimum prices; exports

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