The fight against food shortages and surpluses : perspectives of a practitioner /
John McClintock.
- 1 online resource (xv, 181 pages) : illustrations, maps, charts
Includes bibliographical references and index.
Grain in the world -- The pattern of grain prices -- The root cause of unstable grain prices -- Unstable grain prices: Who wins? Who loses? -- Stabilizing grain prices in a closed economy -- A model of the international grain market -- Stabilizing grain prices in an open economy -- Buffer stocks: technical and legal aspects -- Attitudes towards price stabilization and buffer stocks.
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This book explores what governments and regional organizations can do to keep the price of agricultural commodities stable on their own national markets if the world price becomes too high or too low. It focuses on one group of agricultural commodities - food grains. The book advocates the deployment of public grain stocks to stabilize market prices while retaining the important messages of longer-term price trends. The book has 11 chapters and a subject index.