Evaluating the effects of P.L. 480 wheat imports on Brazil's grain sector.
Hall L.L.
Extract: Econometric analysis of the grain sector of Brazil shows that P.L. 480 wheat imports have had a positive impact on grain production. This was due primarily to government wheat import and domestic price support programs whereby revenues gained from wheat imports may be used to support domestic grain producers. The positive production impact must, however, be balanced against the negative effects of P.L. 480 on commercial wheat imports and thepotential disruptions of world wheat markets.
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