We examine the determinants of own-price output supply response in policy models, focusing primarily on the OECD-PEM equilibrium displacement model. Reviewing expert assessments and econometric literature estimates we find that there is evidence to both support and challenge the relatively high...

This research estimates the U.S. economic welfare effects of livestock disease surveillance. One type of surveillance considers livestock diseases already in the United States. Annual national economic welfare increases $1.4 billion on average compared with a Federal surveillance budget for...

The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana in...

We partnered with a micro-lender in Mali to randomize credit offers at the village level. Then, in no-loan control villages, we gave cash grants to randomly selected households. These grants led to higher agricultural investments and profits, thus showing that liquidity constraints bind with...

This paper provides estimates of the economic impact of initial adoption of genetically modified (GM) cotton and of its potential impacts beyond the few countries where it is currently common. Use is made of the latest version of the GTAP database and model. Our results suggest that by following...

Four West African nations have demanded the WTO’s Doha Development Agenda include a Cotton Initiative that involves two issues: cutting cotton subsidies and tariffs, and assisting farm productivity growth in Africa. This paper provides estimates of the potential economic impacts of (a)...

The rapid expansion of the ethanol industry in Indiana has saturated the local market for the principal co-product, distillers grains with solubles (DDGS). In the near term, Indiana’s livestock industry can be expected to consume up to 895,000 tons of DDGS per year. But given production of 2.7...