Produce trade; International trade
The two main factors determining the financial well-being of our family farmers, market prices and government payments, are primarily established by Congress through federal legislation, commonly called the Farm Bill. Although these two factors are likely to remain the main economic ingredients in Minnesota's farm economy for the foreseeable future, the political control over these issues appears to be shifting out of the hands of Congress and into the hands of our international trade negotiators. For the very first time, all price support, income subsidy, and supply management programs are on the table for alteration or elimination in this new "Uruguay Round" of General Agreement on Tariffs and Trade (GATT) negotiations.
Global Agricultural Trade Negotiations and Their Potential Impact on Minnesota.
Journal of the Minnesota Academy of Science, Vol. 54 No.2, 4-9.
Retrieved from https://digitalcommons.morris.umn.edu/jmas/vol54/iss2/3