Browse by author
Lookup NU author(s): Dr Lionel Hubbard,
Dr John Lingard
Full text for this publication is not currently held within this repository. Alternative links are provided below where available.
This paper addresses the question of whether Romania should introduce a price stabilisation scheme for wheat. We examine, at the macro level, world market conditions for wheat and, at the micro level, current problems confronting Romanian farmers. Although reduction of price risk may be desirable, we conclude that it is not an urgent priority in Romania. Even a scheme which is self-financing, and therefore requiring no state funds, will use scarce management skills and expertise that would be better employed elsewhere. Elimination of market imperfections and distortions in the agri-food chain, particularly with respect to finance, grain storage and market information, will result in more immediate gains.
Author(s): Hubbard LJ, Lingard J, Webster JPG
Publication type: Article
Publication status: Published
Journal: Food Policy
Print publication date: 15/11/1999
ISSN (print): 0306-9192
ISSN (electronic): 1873-5657
Altmetrics provided by Altmetric