Food price stability and interventions: a new government posture
Abstract
ln 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.
JEL Classification: Q11; Q17.
Keywords: Agricultural policy minimum prices exports