Wheat Support: The Impact of Target Prices Versus Export Subsidies
(Letter Report, 06/07/94, GAO/RCED-94-79).

The Export Enhancement Program lowers the price of U.S. agricultural
products to overseas markets in order to boost the U.S. share of world
markets and is intended to pressure countries that subsidize
agricultural exports to eliminate trade-distorting practices. The
program is particularly important for wheat. Since 1985, more than half
of all U.S. wheat has been exported and more than half of these exports
have received program subsidies. Program expenditures totaled $6.34
billion from its inception in 1985 through fiscal year 1993; 76 percent
of this was for wheat exports. This report (1) examines how the program
has affected the income of wheat producers and grain exporters and (2)
determines to what extent wheat farmers' incomes would have increased if
more program funds had been used for direct income support payments
through higher target prices.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  RCED-94-79
     TITLE:  Wheat Support: The Impact of Target Prices Versus Export 
             Subsidies
      DATE:  06/07/94
   SUBJECT:  Farm subsidies
             Exporting
             Grain and grain products
             Farm income stabilization programs
             Commodity marketing
             Comparative analysis
             Econometric modeling
             Agricultural policies
             Price supports
             Economic analysis
IDENTIFIER:  USDA Export Enhancement Program
             Algeria
             Egypt
             Soviet Union
             Morocco
             China
             
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