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Food and the Mid-Level FarmRenewing an Agriculture of the Middle$
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Thomas A. Lyson, G. W. Stevenson, and Rick Welsh

Print publication date: 2008

Print ISBN-13: 9780262122993

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262122993.001.0001

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The Prospects and Limits of Antitrust and Competitive-Market Strategies

The Prospects and Limits of Antitrust and Competitive-Market Strategies

(p.227) 12 The Prospects and Limits of Antitrust and Competitive-Market Strategies
Food and the Mid-Level Farm

Peter Carstensen

The MIT Press

This chapter explores the importance of enforcing antitrust and market-facilitating regulations following the competitive changes facing the United States agriculture, and discusses the differences between the market-facilitating regulation and antitrust laws along with their definitions. It explores the interrelationship between the market concentration phenomenon and market competition, and identifies the goals of antitrust laws along with their application to the agricultural supply and selling side. The chapter presents the major drawbacks of market-facilitating regulation, including the enforcement of the existing rules, the inability of the United States Department of Agriculture (USDA) to use its authority to develop the appropriate regulations, and the differential treatment in agricultural markets under the Packers and Stockyards Act (PSA).

Keywords:   antitrust laws, market-facilitating regulation, market concentration, market competition, USDA, PSA

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