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17 Pages

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Course: ECO 2013, Spring 2011
School: University of Florida
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Word Count: 1056

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of Economics Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms 33 CHAPTER AGRICULTURE: Previous Slide End Show 33 - 1 Next Slide ECONOMICS AND POLICY Copyright McGraw-Hill/Irwin, Inc. 2005 Economics of Agriculture Effect of Output Changes on Farm Prices and Income...

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of Economics Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms 33 CHAPTER AGRICULTURE: Previous Slide End Show 33 - 1 Next Slide ECONOMICS AND POLICY Copyright McGraw-Hill/Irwin, Inc. 2005 Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Short Run Problem: Price and Income Instability Inelastic Demand for Agricultural Products Fluctuations in Output Fluctuations in Demand Foreign Demand Instability Copyright McGraw-Hill/Irwin, Inc. 2005 ECONOMICS OF AGRICULTURE Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms Previous Slide End Show 33 - 2 Next Slide EFFECT OF OUTPUT CHANGES ON FARM PRICES AND INCOME Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms Pp Small changes in quantity produced... Make large changes in farm prices Pn Pb Previous Slide End Show 33 - 3 Next Slide Normal Farm Income D Qp Qn Qb Copyright McGraw-Hill/Irwin, Inc. 2005 EFFECT OF OUTPUT CHANGES ON FARM PRICES AND INCOME Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms P1 P2 Small changes in demand... Make large changes in farm prices Previous Slide End Show 33 - 4 Next Slide D1 D2 Qn Copyright McGraw-Hill/Irwin, Inc. 2005 Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Long Run Problem: ECONOMICS OF AGRICULTURE Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms Previous Slide End Show 33 - 5 Next Slide A Declining Industry Technology and Supply Increases Agribusiness Income-Inelastic Demand Population Growth Increased MES Copyright McGraw-Hill/Irwin, Inc. 2005 Graphically... LONG-RUN FARM PROBLEM Demand Increases... Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms S1 P1 Previous Slide End Show 33 - 6 Next Slide D1 D2 Q1 Copyright McGraw-Hill/Irwin, Inc. 2005 Are Offset by Larger Supply Increases Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms LONG-RUN FARM PROBLEM S1 S2 P1 P2 Technology causes supply to increase even more thereby reducing farm prices D1 D2 Q1 Q2 Previous Slide End Show 33 - 7 Next Slide Copyright McGraw-Hill/Irwin, Inc. 2005 Percentage of Labor Force in Economics of Agriculture Agriculture, Selected Nations Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy GLOBAL PERSPECTIVE 0 25 50 75 100 Ethiopia Effect of Price Supports Mozambique Criticism and Politics China Key Terms India Brazil Russia Japan France Next Previous Slide Slide United States End Show Germany 33 - 8 Economics of Price Supports Copyright McGraw-Hill/Irwin, Inc. 2005 Source: International Labour Office ECONOMICS OF FARM POLICY Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Rationale for Farm Subsidies Economics of Farm Policy Economics of Price Supports of Effect Price Supports Criticism and Politics Key Terms Agricultural Adjustment Act of 1933 Parity Concept Parity Ratio Parity Prices received by farmers Ratio Prices paid by farmers Previous Slide End Show 33 - 9 Next Slide = Copyright McGraw-Hill/Irwin, Inc. 2005 GLOBAL PERSPECTIVE Government Agricultural Subsidies Economics of Agriculture Percentage of Farm Production Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy 0 20 40 60 80 Switzerland Effect of Price Supports Norway Criticism and Politics South Korea Key Terms Japan European Union United States Mexico Canada Next Previous Slide Slide Turkey End Show Australia 33 - 10 Economics of Price Supports Copyright McGraw-Hill/Irwin, Inc. 2005 Source: International Labour Office ECONOMICS OF PRICE SUPPORTS Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms Previous Slide End Show 33 - 11 Next Slide Surplus Output Gain to Farmers Loss to Consumers Resource Overallocation Other Social Losses Environmental Costs International Costs Copyright McGraw-Hill/Irwin, Inc. 2005 EFFECT OF PRICE SUPPORTS Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms P S Surplus Ps Pe Price Support Level Surplus being created by the subsidies Previous Slide End Show 33 - 12 Next Slide D Qc Qe Qs Copyright McGraw-Hill/Irwin, Inc. 2005 Q ECONOMICS OF PRICE SUPPORTS Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms Previous Slide End Show 33 - 13 Next Slide Reduction of Surpluses Restricting Supply Acreage Allotment Programs Bolstering Demand New Uses Domestic and Foreign Demand Copyright McGraw-Hill/Irwin, Inc. 2005 Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms Symptoms, Not Causes Misguided Subsidies Policy Contradictions The Politics of Farm Policy Public Choice Theory Changing Politics Declining Political Support World Trade Considerations Copyright McGraw-Hill/Irwin, Inc. 2005 CRITICISM AND POLITICS Previous Slide End Show 33 - 14 Next Slide CRITICISM AND POLITICS Economics of Agriculture Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms Previous Slide End Show 33 - 15 Next Slide Recent Reform Freedom to Farm Act 1996 The Farm Act of 2002 Direct Payments Countercyclical Payments Marketing Loans Chapter Conclusions Copyright McGraw-Hill/Irwin, Inc. 2005 short-run farm problem long-run farm problem agribusiness parity concept parity ratio price supports acreage allotments Freedom to Farm Act Farm Act of 2002 direct payments countercyclical payments (CCP) Copyright McGraw-Hill/Irwin, Inc. 2005 BACK END Economics of Agriculture Next: Effect of Output Changes on Farm Prices and Income Long-Run Farm Problem Economics of Farm Policy Economics of Price Supports Effect of Price Supports Criticism and Politics Key Terms Previous Slide End Show 33 - 17 Next Slide Income Inequality & Poverty Chapter 34 Copyright McGraw-Hill/Irwin, Inc. 2005
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University of Florida - ECO - 2013
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COMM 230 2/2/10 Narrative paradigm is a way in which we tell arguments Factors that effect the narrative paradigm -certain biases or intentions that we are trying to convey intentionally or unintentionally -error in recalling parts of the story -credibili
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First speaker First speech o o Set tone Establish grounds for the debate o o o Clarify termsPresent the first main compelling argument that our side supports 4 minutes long No questionsNext speech o o o o 5 minutes long First and last minute are protect
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Rhetoric Rhetorical Michele fuco French discipline and punish o o We should admit rather than power produces knowledge Not power is knowledgeDefinitions of Rhetoric o Plato skillfull leading of the soul (to heaven) Giving rhetoric a moral component and s
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Rhetorical Michele fuco french discipline and punish o o We should admit rather that power produces knowledge Not power is knowledgeDefinitions of Rhetoric o Plato skillfull leading of the soul (to heaven) Giving rhetoric a moral component and should be
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COMM401 RHETORIC o o o o The art of using language to help people narrow their choices among specifiable, if not specified, policy options. Rhetoric is an active art, Its creative NOT a science. Rhetoric sets humans apart from other species 5 Ps: Things t
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COMM 401 - Maddux Exam 1 Thursday October 5, 2010 This exam is worth 15% of your grade. It will consist of multiple choice, short answer, and essay questions. It will test your comprehension of the material as well as your ability to apply it. termsyou sh
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S tyle Metaphor: o When you talk about one thing in terms of another thing Ex- we will be able to t ransform the jangling discords of our nation i nto a beautiful sympathy of brother hoodmlk (how they want people t o get along) o o Complicated or abstract
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Noun a word that names a person, place, thing, or abstractionoProper name a specific person place or thing oMadonna, Chicago, Star WarsCommon describe one or more members of a large class of things Elk, f lower, movie Subdivisions of common nounds
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Participation Exercise #12 Review of the paper 2 things you did well oMadelyn PetraliaP roperly identify the stylistics patterns anaphora, parallelism and u ltimate termso I found textual evidence for my stylistic patterns2 things I need to improve o
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Participation Exercise #13Madelyn PetraliaAnswer a descriptive prompt in outline format for Extreme Makeover Home Edition Time Sequence starts out in the present, moves to the past while watching video, then primarily moves from start to finish of the h
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University of Florida - ANS - 2002
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