All measures to influence the primary production sector of an economy (agriculture, forestry and fisheries), often subdivided into – market and price policy, – agricultural social policies and – agricultural framework policy. – Because every human being depends on the repeated consumption of agricultural products to maintain his or her existence, price sensitivity is extremely high for these goods. Even a very small price increase – for milk or baked goods, for example – is followed closely by the public and causes perceived inflation to rise noticeably. This can set in motion a wage-price spiral with second-round effects on the financial system that can hardly be estimated in advance. – Since experience seems to show that agricultural policy has become the poor relation of policy in many respects, at least in recent times, central banks are paying attention to agricultural policy and pointing out undesirable developments. – See levy, agricultural product, agribulk,
Biofuels, petroleum-food nexus, inflation, inflation expectations, climate
Inflation, carbon dioxide inflation, landscape, food, paper, green, protein inflation, commodity prices, forest funds, second-round effects. – Cf. ECB Monthly Bulletin, December 2007, p. 65 ff. (clear criticism of the EU’s common agricultural policy).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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