Price Subsidy Policy in Brazilian Agriculture:

Peculiarities and Contradictions




agricultural subsidies, minimum prices, Austrian School, Brazil


The present article aims to indicate the peculiarities and contradictions found in the price subsidy policies in Brazilian agriculture in the last decade. Despite State efforts carried out through the Minimum Prices Guarantee Policy (PGPM, in the original Portuguese), they have not been a good alternative for several producers. The Austrian School interpretation indicates that the information is not available in a homogenous way to economic agents and price interventions regarding the grant of subsidies, it bears unrevealed costs that raise the information asymmetry of the candidates for the minimum price policy, being unable to reach its objective of reducing such market information asymmetry.


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Author Biographies

Douglas Paranahyba de Abreu, Federal University of Goiás (UFG)

Economics Professor at Faculdade Araguaia & PhD Candidate in Agribusiness at Federal University of Goiás (UFG)

Adriano de Carvalho Paranaiba, IFG

Economics Professor at Federal Institute of Goiás & Chief Editor at Mises: Interdisciplinary Journal of Philosophy, Law and Economics.

Alcido Elenor Wander, EMBRAPA

Researcher at Brazilian Agricultural Research Corporation (Embrapa) & Professor at Federal University of Goiás (UFG)


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How to Cite

Abreu DP de, Paranaiba A de C, Wander AE. Price Subsidy Policy in Brazilian Agriculture:: Peculiarities and Contradictions. MisesJournal [Internet]. 2018Nov.2 [cited 2021May17];. Available from:



Special Issue 2018