Dr. Luther Tweeten, professor emeritus of agricultural marketing, trade and policy, Ohio State University, will address the Chicago Farmers luncheon meeting Monday, Oct. 1, speaking on “Why is bad economics such good agricultural policy?”
“This is a rare opportunity to hear an agricultural legend who has changed the way American decision makers look at price, rural development, and government programs,” said Joan Centlivre, president, the Chicago Farmers. “Luther’s pioneering research revolutionized the way policy makers and economists evaluate public policy and its impact on inflation and the farm economy,” she continued. “His research first linked estimates of demand elasticity for farm output with that of export demand and his studies on industrial development in rural communities are the foundation for several computer models.”
According to Tweeten, “Current farm commodity programs are no longer about economics, they are about politics. Government is creating an insidious cult of dependency among farmers, who contend their farm receipts are too low for them to survive without farm commodity programs, while in fact commodity programs have driven prices down by stimulating output.”
The Chicago Farmers noon meetings are held at the University of Illinois Illini Center, 200 S. Wacker St., across from the Sears Tower. For reservations, call (312) 726-4030 or register online at www.chicagofarmers.org. Fees are $20 for members, $30 for nonmembers.
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