The role of generic certificates in U.S. commodity programs
Generic certificates have been an effective tool for reducing Governmentowned stocks. The profit potential of certificate exchanges for both producers and agribusinesses has earned widespread public support. Certificates have increased total outlays by the Commodity Credit Corporation compared with cash payments, but they have also increased available free stocks and contributed to more competitive prices for U.S. commodities in international markets. Certificates may play a lesser role in U.S. agricultural policy programs during periods when supply and demand are more balanced
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| Main Authors: | , , |
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| Format: | Texto biblioteca |
| Language: | eng |
| Published: |
Washington, D.C. (EUA)
1989
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