Abstract
As a result of price liberalization, massive price adjustments occurred in February 1991. These adversely affected agricultural input-output price relations. The worsening terms of trade were due to government intervention in setting prices for basic foods and for export controls. In order to measure the overall impact of government intervention on producers from 1990-92, PSEs were calculated for some basic agricultural products. These accounted for about 50% of gross agricultural output. Our results show that, generally, producers were taxed and not subsidized. Even though support programs were introduced during this period, they did not offset the negative farm income effects of the price and trade policies pursued.
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