WPI Spotlight

  • August 24, 2017
    During his presidential campaign, candidate Donald Trump often characterized the 23-year-old North American Free... NAFTA Renegotiation Begins
  • June 20, 2017
    Farmers in India want the Swaminathan Report recommendations implemented, including the suggestion that Minimum... Loan Waivers and MSP Issues in India

Spotlight

Domestic Agricultural Policies and the National Economy

The philosopher George Santayana's observation that "those who cannot remember the past are condemned to repeat it" can be applied to the causes and effects of certain national domestic agricultural policies. The political influence of agricultural producers has led some governments to adopt farm policies designed to support their incomes.

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The Impact of Drought

The very severe ongoing drought in California is receiving a great deal of national attention and for good reason: the state is the country's most populous at almost 39 million, and it has the most valuable agricultural industry in the U.S. because of its huge production of fruits, vegetables, nuts and animal products.

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The CFTC's Beginning

The Commodity Futures Trading Authority (CFTC) was created in 1974 by an act of Congress as an independent agency charged with overseeing and regulating futures exchanges and futures trading. It replaced the Commodity Exchange Authority (CEA), an office within USDA, which had been established in 1933 primarily to reign in the kind of unregulated speculation and market manipulation in grain futures markets prevalent at the Chicago Board of Trade (CBOT).

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The EPA and Test Fuels

The Energy Future Coalition and others argue that the EPA's so-called Tier 3 emissions standard for cars and gasoline, which is designed to cut sulfur levels by more than 60 percent starting in 2017, contains a provision that prevents gasoline producers from creating new fuel blends containing more ethanol.

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Politics and Agriculture

Food is essential to human well-being. Since it is so crucial, food is also inevitably political. Because essential food is derived from multiple kinds of agricultural production, politics and agriculture are unavoidably and inseparably intertwined.

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The Argentine government has been reportedly contemplating the establishment of a national grain company to compete with multinational exporting firms. The goal of this action would be to increase government currency reserves. Such a company would apparently be able to entice farmers by offering to collect only a 25 or 20 percent export tax instead of the 35 percent assessed by private sector firms. It would evidently not supplant private sector exporters, but rather act as a competitor.

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WPI Spotlight

  • August 24, 2017
    During his presidential campaign, candidate Donald Trump often characterized the 23-year-old North American Free... NAFTA Renegotiation Begins
  • June 20, 2017
    Farmers in India want the Swaminathan Report recommendations implemented, including the suggestion that Minimum... Loan Waivers and MSP Issues in India