The Economics of Agricultural Policy

Description:

An English Act of 1663 imposed a duty on grain imported from abroad whenever the domestic price was below a legislatively set price floor. The English farmer enjoyed a virtual monopoly in the domestic market. By the same token, he was allowed to export grain whenever the domestic price exceeded the price floor, and, after 1673, was granted a bounty (subsidy) on grain exports.

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Creation Date: February 20, 1992
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Place of Publication: Washington D.C., USA
Date(s):
  • Creation: February 20, 1992
Description:

An English Act of 1663 imposed a duty on grain imported from abroad whenever the domestic price was below a legislatively set price floor. The English farmer enjoyed a virtual monopoly in the domestic market. By the same token, he was allowed to export grain whenever the domestic price exceeded the price floor, and, after 1673, was granted a bounty (subsidy) on grain exports.

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Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
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Resource Type: Report
Format: Text
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Access: Public