Abstract
ORTH AMERICAN agriculture has much to gain from freer trade in farm products and from freer trade generally. It is true that some sectors would be required to make significant resource adjustments and in some instances significant capital losses would result from reductions in protection. But the major sectors of North American agriculture-the sectors that employ most of the labor, land and capital-would gain from a significant expansion in demand. If the reduction in barriers to trade in farm products would reduce the average rates of nominal protection to approximately the same as the protection of industrial products, the expansion in demand for the output of North American agriculture probably would be sufficient to return to cultivation all
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