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Agriculture Industry 25 Marker
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This document contains a detailed plan and perfect answer to a 25 marker on the use of goverment intervention in UK farming.
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Joseph Thomson 13.3Agriculture 25 Marker (June 2014 Unit 3) Wednesday 8th January 2020
Q6. Using the data in the extracts and your knowledge of economics, discuss whether
UK farming would benefit from greater responsiveness to market forces and less
intervention by the UK government and the EU. (25 marks)
Intro - agriculture is an industry that is in decline in the UK, summarise how. Agricultural
economics looks at how to tackle food crises, price booms and busts and environmental
concerns. ‘EU plans to…’
Point Subsidies (G) Protectionism Contestability Pollution
(G) (FM) Permits (FM)
Knowledge Farmers losing Foreign Increasing Farming
out on profit, competition is conditions of generates
subsidies can providing contestability negative
help to increase cheaper product. can make a externalities like
production. EU likely to market more in the use of
restrict. competitive. fertiliser.
Evidence ‘Governments of ‘Alternative ‘Just six major N/A
most…’ sources…’ processors…’
Application EU & US Rostow model High brand Europe's top
agriculture is the would suggest loyalty and firms - cache of
most heavily the UK is no government can 240m pollution
subsidised longer suited to influence permits (2012).
industry. primary. supermarkets.
Analysis Incentive Tariff could Reduces Tradable permits
function of price. reduce imports monopsonies can help to
and improve through new discourage this;
exports. suppliers. increased price.
Diagram Subsidy Tariff N/A Negative Ext.
Evaluation Can create Can lead to a Even incumbent Potential for
inefficiency as loss of consumer firms behave as regulatory
firms are surplus, however if there is capture
artificially it also benefits competition, so government
protected when current account. close to PC. failure.
they may be SS shocks. Competition
redundant. improve
efficiencies.
Conclusion - Wider context, efficiency and equality. Market-based better, use of G recently bad.
In the UK, it could be argued that the agricultural industry is in decline, and this is largely due to
the country’s movement into the secondary and tertiary sectors of employment, often relying on
foreign imports to provide goods from the primary sector, such as agricultural products. This is
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