Abstract
A number of laws establish regulations that apply to the food and agricultural industry. These regulations reflect public policy regarding the physical, social, and economic environment within which the industry operates. As Jim Shaffer has stated: Economic regulation results from the attempt of citizens to articulate preferences about the physical and social environment they share. There are many problems in the articulation of preferences by both market and political processes. Economics supposedly deals with the mechanism for expressing preferences as guides to production of goods and services . . . There are no simple solutions to the problems associated with the enactment, design, implementation and evaluation of economic regulation. But it is possible to provide understanding which can lead to improvements in the regulatory system and performance of the political economy (p. 5). This paper explores the role the economist should play in the process of establishing public policy that regulates the food and agricultural industry.
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