Each year U.S. farmers receive more subsidies than needy families receive through welfare assistance or post-secondary students receive through student aid grants. Yet, who benefits from agricultural subsidies is an open question. Economic theory predicts the entire subsidy incidence should be...

In Europe, in addition to public opposition to genetically modified food, the slow pace of development in agricultural and food biotechnology has been attributed to the lack of basic preconditions for commercial and innovative activities. The role and justification of a significant degree of...