Impact of Domestic Policy on Comparative Advantage of Agriculture in the South

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Abstract
The objective of this paper is to estimate the impact of domestic policy on comparative advantage of agriculture in the South. I utilize estimates of projected prices in a market-centered agriculture to examine the degree of insulation from market forces for major crops produced in the South and to calculate the relative net returns per acre in the absence of commodity programs. The price and net returns are probably below long-term equilibriums but are useful measures of relative prices and returns among commodities even if the returns are negative.

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