Wiley-Blackwell A Billion Dollars a Day: The Economics and Politics of Agricultural Subsidies

Review "Peterson's analysis is historical and descriptive, but up-to-date and detailed enough to be very informative." "Jean-Paul Chavas, University of Wisconsin""This text's discussion and explanation of subsidies is well developed in a historical and international context that is not found elsewhere." "Conrad Lyford, Texas Tech University""This text provides a good narrative on the economics of government intervention, the structure of the world food system and history of the WTO, and the provision of farm subsidies by developed economies, with a special focus on the U.S. and EU." "P. Lynn Kennedy, Crescent City Tigers Alumni Professor, Louisiana State University""Peterson has done a nice job of taking complicated issues and explaining them in a manner that is understandable for students with limited background in policy, development, and trade. This well-written text brings both a US and a world perspective to the timely and important topics of government farm policy and food prices." "Rick Whitacre, Illinois State University""This extremely well-researched and -documented book provides a comprehensive overview of the impact (both intentional and unintentional) that developed nations' agricultural policies can have on under-developed agricultural based nations." "Jay E. Noel, Cal Poly State University""The main strength of this book is that it takes a long-term view of how agricultural policies have developed over the years to bring us where we are today. This long-term perspective enables the reader to appreciate the many complex issues - economic and political - involved in policy formulation, and the resulting entrenchment of policies that on thesurface seem illogical." "Michael D. Hammig, Clemson University""I do a lot of international development work and have been involved with policy analysis and formulation in the U.S. and abroad. I like the approach of this book as it draws attention to the many disparities encompassed by agricultural policy on the world stage." "Michael D. Hammig, Clemson University" Product Description A Billion Dollars a Day“This text provides a good narrative on the economics of government intervention, the structure of the world food system and history of the WTO, and the provision of farm subsidies by developed economies, with a special focus on the U.S. and EU.”P. Lynn Kennedy, Louisiana State University“This extremely well-researched and documented book provides a comprehensive overview of the impact (both intentional and unintentional) that developed nations’ agricultural policies can have on underdeveloped agricultural-based nations.”Jay E. Noel, Cal Poly State University “This text’s discussion and explanation of subsidies is well developed in a historical and international context that is not found elsewhere.” Conrad Lyford, Texas Tech University “Peterson has done a nice job of taking complicated issues and explaining them in a manner that is understandable for students with limited background in policy, development, and trade. This well-written text brings both a U.S. and a world perspective to the timely and important topics of government farm policy and food prices.”Rick Whitacre, Illinois State UniversityWhy do Europe, the United States, and some key Asian countries spend, in aggregate, a billion dollars a day on various agricultural price supports, when much of this money ends up in the hands of large agribusiness? In a lively, non-technical, and up-to-date account, this book addresses the core questions that surround the issues of agricultural subsidies.Peterson provides a detailed examination of subsidy histories and the current policies of the United States, various European countries, Australia and New Zealand, and Korea and Japan. Also included is a discussion of how these policies affect developing countries – examining, in particular, their impact on farmers in low-income countries. Review "Peterson's analysis is historical and descriptive, but up-t